Metycle secures $150 million facility from Rivonia Road Capital

Metycle secured a $150 million credit facility from Rivonia Road Capital, enabling the secondary copper and aluminum supplier to scale transactions and expand supply to industrial buyers and smelters.

The company said the financing will support eligible transactions across the full trade cycle, from supplier payment through buyer settlement, allowing it to execute larger deals and move greater volumes of secondary metals.

Facility supports trade-cycle flows

Officials said Rivonia Road Capital, a private capital manager focused on asset-backed lending, provided the facility to back receivables and trade-related exposures tied to Metycle's supply operations. The structure is intended to free working capital on both the buying and selling sides of transactions, the company said.

The deal targets secondary copper and aluminum flows rather than primary metal production. Company executives framed the financing as a means to route more scrap and recycled metal to smelters and industrial end users, which could alter short-term logistics and vendor capacity without directly targeting benchmark commodity prices, the company said.

Market participants will monitor whether the additional working capital translates into measurable increases in secondary metal volumes. Market observers expect any price impact to be limited given the global scale of primary metal markets.

Market watchers should look for updated transaction and supply figures by December 31, 2026.