Yilmaden Holding (Part of the Yıldırım Group) has sent a team of senior representatives to Mining Indaba to secure investment opportunities in markets including cobalt, vanadium and molybdenum.
The group already owns chrome assets in Turkey, Sweden, Russia and Kazakhstan and a vanadium and molybdenum project in the United States.
“Yilmaden is seeking opportunities in strategic minerals. We have had a diversification strategy for years. We think it is going to be a good time to be in strategic minerals and not just because of electric vehicles,” market research and intelligence manager Görkem Kavçak told Metal Bulletin in Cape Town this week.
“There are lots of opportunities; offtake agreements, long-term strategic partnerships and between these options there is a lot of scope,” Kavçak said.
“Commodities are cheap at the moment, unfairly cheap and there will be another bullish period. It’s time to buy, it’s time to invest, as long as an opportunity fits our strategic road map. Cobalt, yes, vanadium and molybdenum definitely,” he added.
