Campine nv - the metal recycling company with a strong moat - the only company in the world that recycles antimony (&-trioxide) - from waste

u/Healthy-Matter-4218 · Reddit — r/stocks · January 25, 2026 at 13:40 · ⬆ 2 pts · 💬 1 comments  | View on Reddit ↗
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Bullish thesis on Campine NV as the only global antimony trioxide recycler with a competitive moat over UAMY and strong 2026-2027 earnings outlook.

CAMP.BR — LONG Campine NV is the only company in the world that recycles antimony trioxide (and now antimony ingots) from waste streams, giving it a durable competitive advantage over UAMY, which the market overlooks. The author expects 2026 results to remain very good even with antimony prices well below the ~$60,000/ton highs, and in 2027 third-generation recycling technology at the Ecobat plants acquired in September 2025 should lift antimony recycling rates to 50%. With 18,000 tons/year antimony trioxide capacity and an assumed 2026 average price of €25,000/ton, revenues could reach ~€500 million, alongside lead and minor gold, silver, tin and PET recycling. The author estimates 2025 EPS of ~€35, putting the P/E near 6.5 at a €230 share price, and sees the stock staying below a P/E of 10 even if prices fall.

Campine nv - the metal recycling company with a strong moat - the only company in the world that recycles antimony (&-trioxide) - from waste

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u/Healthy-Matter-4218 Reddit r/stocks
Only global antimony trioxide recycler, cheap vs growth
Campine NV is the only company in the world that recycles antimony trioxide (and now antimony ingots) from waste streams, giving it a durable competitive advantage over UAMY, which the market overlooks. The author expects 2026 results to remain very good even with antimony prices well below the ~$60,000/ton highs, and in 2027 third-generation recycling technology at the Ecobat plants acquired in September 2025 should lift antimony recycling rates to 50%. With 18,000 tons/year antimony trioxide capacity and an assumed 2026 average price of €25,000/ton, revenues could reach ~€500 million, alongside lead and minor gold, silver, tin and PET recycling. The author estimates 2025 EPS of ~€35, putting the P/E near 6.5 at a €230 share price, and sees the stock staying below a P/E of 10 even if prices fall.
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This Reddit post, published January 25, 2026, features u/Healthy-Matter-4218 discussing CAMP.BR. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: u/Healthy-Matter-4218  · Tickers: CAMP.BR