We are pleased to announce that Vallis has started its first operation in Morocco, controlling and monitoring stock levels at a scrap copper processing facility.
The process starts from the receipt of scrap copper, continues through the furnaces and processing, and ends with the dispatch of the finished products.
The management of the stock levels requires bespoke procedures to ensure an accurate reflection of the value pledged to the financing party. As the copper moves through the production process, the value increase is recorded and a final reconciliation with the daily London Metal Exchange (LME) price allows an immediate calculation of the value held as collateral on site.
This is the first time a project of this nature has been undertaken in Morocco, and we look forward to new opportunities in this fast developing market. If you have any queries on this or any other Vallis operations, please get in touch.