Glencore Acquires 45% Ownership in South Carolina Aluminium Recycling and Remelting Plant
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Glencore has acquired a 45 percent 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 percent 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 perecent 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 said they 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.
Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that advance everyday life. With over 140,000 employees and contractors and a strong footprint in over 30 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of offices. Glencore’s customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities.
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