# Open Mineral

> Open Mineral is a Swiss-based, AI-driven metals trading firm and digital marketplace that connects miners, smelters, and traders to buy and sell physical metal raw materials - such as copper, zinc, lead, gold and silver concentrates - directly and transparently. Founded in 2017 by former Glencore traders, the company pairs a physical trading desk with proprietary data and pricing algorithms to digitize a historically opaque, relationship-driven industry, and has onboarded hundreds of mining and metals companies across dozens of countries.

- **Founded:** 2017
- **Headquarters:** Baar (Zug), Switzerland
- **Founders:** Boris Eykher (Co-founder & CEO), Ilya Chernilovskiy (Co-founder)
- **Team size:** ~60 employees
- **Products:** Open Mineral Digital Trading Platform, Physical Metals Trading Desk, Pricing & Smelter/Blending Optimization, Market Data & Analytics
- **Notable:** World Economic Forum Technology Pioneer (2019), Recognized in S&P Global Platts Global Metals Awards, Onboarded 900+ metals and mining companies across 40+ countries

## Products & services

- **Open Mineral Digital Trading Platform** — A digital marketplace connecting buyers and sellers of physical metal concentrates and raw materials, enabling direct, efficient and more transparent trade of base, precious and battery metals.
- **Physical Metals Trading Desk** — An in-house physical trader handling procurement, financing, logistics and distribution of raw and refined metals, plus paper/derivatives trading to manage price risk.
- **Pricing & Smelter/Blending Optimization** — Proprietary pricing algorithms and automated blending and smelter material-optimization tools that help counterparties optimize material value and reduce carbon footprint.
- **Market Data & Analytics** — Data analytics and market intelligence on metals pricing, trends and marketability, incorporating third-party 'green' ESG metrics across buy-side and sell-side.

## Achievements

- World Economic Forum Technology Pioneer (2019)
- Recognized in S&P Global Platts Global Metals Awards
- Onboarded 900+ metals and mining companies across 40+ countries
- Raised over USD 40M in total funding, including a USD 33M Series C led by Mubadala

## Latest updates

- **2021-09** — Closed a USD 33 million Series C led by Mubadala Investment Company, with Statkraft Ventures and Lingfeng Capital joining existing investors.
- **2024-12** — Refreshed corporate website positioning the company as an AI-powered physical commodity trader across base, precious and battery metals.

## Links

- Website: https://openmineral.com
- LinkedIn: https://www.linkedin.com/company/openmineral
- Twitter/X: https://twitter.com/openmineral
- Facebook: https://facebook.com/Open-Mineral-189488791609094/

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Profile page: https://yespress.io/open-mineral
Published by YesPress — https://yespress.io
Last updated: 2026-07-25