TRAXYS FRANCE

Traxys Management, Optiver, and other investors acquire all interests in Traxys Group held by Carlyle Group and affiliates of Louis M. Traxys subsequently expanded its aluminum, nickel, tin and specialty metals trading teams in the U.S., Europe and Asia. Traxys management increased its investment stake in the company as part of the acquisition transaction. In 2008, Traxys along with its private equity partners Pegasus and RCF acquired Molycorp, the owner of Mountain Pass Mine, the only rare-earth mining and processing facility in the United States. Traxys and its partners subsequently sponsored the public offering of Molycorp in 2010. Traxys sold substantially all of its interests in Molycorp by 2013. Established in 2003 with the merger of the trading division of Sogem with Considar, the Traxys platform is the result of capitalizing on a hundred years of strategic opportunities to become a forward-thinking leader in an industry steeped in tradition. The acquisition of Cometals significantly expanded Traxys industrial minerals trading franchise.