menu-control
The Jerusalem Post
The Jerusalem Post: Business and Innovation

StoneX purchases ‘good delivery’ silver supplier

 
 StoneX purchases ‘good delivery’ silver supplier (photo credit: PR)
StoneX purchases ‘good delivery’ silver supplier
(photo credit: PR)

Company announces acquisition of United Kingdom-based JBR Recovery recycling and refining business

In a move to deepen StoneX’s end-to-end metals offering, the New York-based company has purchased JBR Recovery. JBR Recovery specializes in refining 1,000-ounce silver good delivery bars sold under London Bullion Market Association (LMBA) regulations.

StoneX Global Head of Metals Michael Skinner said, “This acquisition marks a historic moment for the StoneX group and its metals business. The acquisition of JBR is testament to the continued commitment of StoneX in furthering our offering in this market and providing our clients with a full end-to-end service and building our metals ecosystem. We will be working closely with the JBR team to ensure we continue to build on its strong reputation and hundreds of years of service in this market.”

JBR is one of two companies accredited by the LMBA for the supply of good delivery silver to the market and produces more than 250 tonnes of silver each year. The original business was founded in Birmingham’s Jewelry Quarter and has ties to the precious metal refining and recovery industry since the 18th century.

JBR Recovery Managing Director Simon Middings said, “JBR has grown from strength to strength over recent years and the acquisition by the StoneX group is a momentous chapter in our history. The acquisition will aid further business growth and opportunity, enabling the offering of an enhanced service and product line to existing and new global customers. There are many synergies between both companies, and I look forward to working closely with the StoneX Metals team over the coming months. We are proud to be part of the StoneX group.”

Featured Partners (Ad)

Augusta Precious Metals

Fees:

$0 (10 Years)

Minimum:

$50,000

"Best Overall" by Money Magazine, Award-Winning for 6 Years, Thousands of 5-Star Rankings

Expand DetailsRenowned for its exceptional customer service and commitment to transparency, Augusta Precious Metals has garnered numerous accolades, including "Best Overall" from Money magazine and "Most Transparent" from Investopedia. The company's dedication to educating and supporting its clients has earned it top ratings from organizations such as A+ from BBB and AAA from BCA.

Goldco

Fees:

Vary

Minimum:

$25,000

Industry leader with over $2 Billion in gold and silver. Top rated precious metals company with buy back guarantee

Expand DetailsFrom precious metals iras to direct purchases of gold and silver, goldco have helped thousands of americans place over $2 billion in gold and silver. Top-rated precious metals company rated A+ by the better business bureau rated triple a by business consumer alliance earned over 6,000+ 5-star customer ratings Money.Com 2024 best customer service 2024 inc. 5000 regionals: pacific ranked #17 2024 gold stevie award, fastest growing company inc. 5000 award recipient, 8+ years

American Hartford Gold

Fees:

Vary

Minimum:

$10,000

American Hartford Gold, ranked #1 Gold Company on Inc. 5000, boasts thousands of A+ BBB ratings and 5-star reviews, endorsed by Bill O'Reilly and Rick Harrison..

Expand DetailsWith over $2 billion in precious metals sold, American Hartford Gold helps individuals and families diversify and protect their wealth. Their expert team provides investors with the latest market insights and a historical perspective, ensuring informed decisions. Trusted by public figures and praised for exceptional customer service, the company offers competitive pricing on top-tier gold and silver coins, backed by a 100% customer satisfaction guarantee

This article is for informational purposes only. The opinions and analysis herein are those of the author and are not financial advice. The Jerusalem Post (JPost.com) does not endorse or recommend any investments based on this information. Investors should consider their financial situation, investment goals, and risk tolerance before making any decisions. Consulting a qualified financial advisor is recommended. JPost.com is not liable for any investment losses from using this information. The information provided is for educational purposes only and should not be considered as trading or investment advice.

×
Email:
×
Email: