Monetary Metals, a leading innovator in precious metals finance, has significantly expanded its global reach by announcing a new silver lease agreement with Pietro Galliani Brazing S.p.A. (PGB), a distinguished Italian manufacturer. This strategic partnership marks the 70th lease on Monetary Metals’ Gold Yield Marketplace® Platform, further solidifying its position in diverse industrial applications and jurisdictions worldwide.
Pietro Galliani Brazing, an esteemed company based in Vergato, Italy, boasts a rich history spanning over a century. Specializing in the production of high-performance brazing alloys, foils, and fluxes, PGB serves a vast global customer base, maintaining a reputation for technical excellence and enduring craftsmanship in industrial manufacturing.
The newly established silver lease provides PGB with essential physical silver, crucial for their production processes. This metal is specifically utilized in creating cadmium-free silver-based alloys and other specialized materials, underscoring the vital role of precious metals in advanced industrial applications.
Keith Weiner, CEO of Monetary Metals, expressed enthusiasm for the collaboration, stating, “We’re thrilled to partner with Pietro Galliani Brazing. They combine technical excellence with a long and storied legacy of craftsmanship. This is exactly the kind of real-world use case our gold and silver leases are built for.” His comments highlight the strategic alignment between the two entities.
From Pietro Galliani Brazing’s perspective, the partnership offers a vital financial solution. The Managing Director of PGB noted, “Partnering with Monetary Metals provides us with a flexible, long-term solution for financing our critical raw materials. Their model supports our production process while preserving working capital—and that’s a win for our operations and our clients.” This demonstrates the immediate benefit of this finance innovation.
Monetary Metals’ True Gold and Silver Leases are designed to empower clients to earn a yield on their metal, simultaneously providing crucial support to businesses that integrate precious metals into their operations, including manufacturing, jewelry, refining, and bullion dealing. This unique model represents a significant advance in metal leasing.
With a product portfolio exceeding 1,000 brazing alloys and fluxes, PGB’s commitment to continuous investment in research and development ensures they meet the technical needs of various industries, including HVAC, automotive, refrigeration, and tooling. This partnership further strengthens their capacity for high-quality production, ensuring full traceability of all production batches under their ISO-certified quality management system.
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