In 1967, Nadir Tütüncü established his workshop within an area of 150 m2 to recycle jeweler dross. Beginning from 1975, he started precious metal refining for the market and the workshop increased in size limited to this field. In 1985, he established Nadir Trading and began to trade precious metals in Grand Bazaar. Then, Nadir Metal Rafineri San. ve Tic. Ltd. was established in 1993. Rapid increase in demand has forced the company on capacity investment. Thus, the first gold refinery in Turkey was built on the country’s land.
In 1999, a partnership agreement with the German company Degussa Allgemeine was signed in exchange for technology “know-how” and thereby Nadir Allgemeine Ind.Trade.Co.Ltd. was established. In 2001, Nadir Family became the sole shareholder of the company which continued its operations under the name of Nadir Metal Rafineri San. ve Tic. Ltd. After the accretion agreement in 2001, all the infrastructural investments were completed within a year. In 2006, Nadir became a joint stock company with its new title: Nadir Metal Rafineri San ve Tic. A.Ş.
The company is accredited by Istanbul Gold Exchange (Borsa Istanbul) in January 2008, by Dubai Stock Exchange (DMCC) in October 2009 and by London Good Delivery Association (LBMA) in December 2011, as the first company in Turkey, in 2011 for gold and in 2012 for silver.
Today, along with refining, waste recycling, dross and laboratory services, Nadir Metal produces and trades precious metals (gold, silver, platinum, palladium, and rhodium). In addition to these, “Nadir Metal” and “Nadir Gold” branded small bars of gold, silver and platinum products and exclusive collections are produced.