Sangjun Park, CEO of STX, "Focusing on Integration of Digital Trade Transaction Platforms"

Global trading company STX announced plans to focus on diversifying raw material supply chains and integrating trade transaction B2B (business-to-business) platforms.

On the 14th, STX stated that CEO Park Sang-jun delivered this message to employees during the entire group workshop held on the 10th and 11th. He also expressed ambitions to establish a new standard for trade transactions through the digital trade platform "TROLLYGO," scheduled to launch later this month. STX plans to transform the traditionally offline-centered global trade transaction methods into online platforms based on digital technology, e-commerce, and big data.

CEO Park emphasized, "STX will take the lead in the process of shifting the paradigm of traditional trade transactions, which relied on offline networks, to an easy, convenient, and fast method. TROLLYGO will become the world's first B2B digital trade platform and establish itself as a new trend that sets a milestone for next-generation global trading."

CEO Park said, "STX will take the lead in the process of shifting the paradigm of traditional trade transactions, which relied on offline networks, to an easy, convenient, and fast method. Trade transactions using the world's first B2B digital platform 'TROLLYGO' will become the trend of next-generation global trading."

He also mentioned plans for global supply chain diversification. He stated, "With the implementation of the U.S. Inflation Reduction Act (IRA) and China's graphite export control measures in response, concerns surrounding the global supply chain of key mineral resources and raw materials are intensifying. STX aims to turn the crisis faced by the global industry in the era of resource wars into an opportunity by building a broader and more intricate supply chain."

STX, which signaled its entry into the raw materials business by investing in shares of the Ambatovy nickel mine in Madagascar in 2006, secured rights for graphite and vanadium trading in Mozambique in 2019. This year, in August, it established a corporation and joint venture (JV) in Indonesia, the country with the world's largest nickel reserves and production. This month, it signed agreements for the development and sales rights of lithium mines in Peru and Brazil.

CEO Park envisions dominating the entire value chain of key mineral resource trading, including mining, refining and smelting, transportation, and sales through such supply chain diversification. He emphasized, "We will clearly position ourselves as a specialized raw material trading company not only in Indonesia but also in South American regions such as Peru and Brazil, known as 'lithium-rich countries.' Ultimately, we will also explore ways to expand our influence from downstream to upstream industries."

This content was produced with the assistance of AI translation services.