Case Study: Boliden achieves greater efficiency and visibility with Eka’s CTRM platform

Boliden Makes Faster and More Informed Decisions With Eka’s CTRM

Boliden, a global metals company with mining and smelting operations across the Nordic region, was struggling with disconnected legacy systems for commodity trading and risk management. Its teams managed raw material purchasing, tolling, hedging, and metal balance valuation across multiple tools, while metal accounting was often handled in spreadsheets, creating inefficiency and operational risk. Boliden needed a single, flexible system to speed up metal balance calculations, reduce manual work, and give executives a consolidated view of the business.

Eka implemented its Trading and Risk Management (TRM) solution in phases across Boliden’s head office and several smelters, integrating procurement, contract management, assay management, logistics, stock management, tolling, invoicing, risk management, and metal balance valuation with financial and laboratory systems. With Eka, Boliden replaced manual processes with automation, gained real-time visibility into positions and exposures, improved month-end and year-end reporting, and increased decision-making speed and profitability. Eka’s platform also provided scalability to support Boliden’s future growth.

Boliden

Karl Söderberg

Finance Director