Click the icon to add a specified price to your Dashboard list. This makes it easy to keep track on the prices that matter most to you.
Glencore is pleased to announce the acquisition of a 45% stake in a recycling and remelting plant near Charleston, South Carolina. Glencore had previously provided funding to the facility in exchange for marketing rights. The remaining 55% stake will be held by Alumicore, who will also operate the plant.
This partnership reinforces Glencore’s active participation in supporting a resilient and sustainable domestic aluminium supply chain in the United States. Glencore is already a major investor in the sector through its 30% stake in Century Aluminium, the largest producer of primary aluminium in the U. S.
Alumicore brings proven operational expertise to the partnership, operating a similar facility in Monessen, Pennsylvania and developing a second state of the art processing and melting facility in Pittsburgh, Pennsylvania, which will incorporate advanced sortation. Together, these plants are expected to have the capacity to recycle more than 120’000 tonnes of aluminium per annum.
Glencore and Alumicore look forward to working closely together to advance the plant’s development, drive future growth, and deliver value to both the U.S. aluminium industry and local communities in South Carolina.
Note: This story has not been edited by The Polymerupdate Editorial team and is auto-generated from a syndicated feed.
