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
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