Emirates Global Aluminium (EGA) signed a binding sale and purchase agreement for the acquisition of Leichtmetall Aluminium Giesserei Hannover GmbH, a German aluminum recycling firm. EGA will acquire 100% percent of the recycling operation from Leichtmetall Holding GmbH, a subsidiary of an investment fund managed by Quantum Capital Partners GmbH. This is EGA’s first major […]
MX Holdings, the parent company of Metal Exchange Corp. and Pennex, signed an MOU with Century Aluminum Company, a global primary aluminum producer with facilities in the U.S. and Iceland, to establish a new joint venture focusing on the manufacture and marketing of low-carbon recycled secondary aluminum billet. “We are excited to embark on this […]
Gränges recently formed a strategic, long-term partnership with aluminum recycler, Scepter, Inc. Under the agreement, Scepter will supply recycled aluminum ingots to Gränges’ rolling and recycling centers in the U.S. “Gränges is committed to reducing the carbon footprint of our products and thereby also helping our customers on their decarbonization journey. This agreement is a […]
Constellium SE is leading a new R&D initiative called “Close the Loop,” which aims to develop technologies to dismantle, sort, and remelt wrought aluminum from end-of-life vehicles for recycling and processing into new products to be used in future vehicles. The project is in partnership with recycling companies in France, including Indra (an automotive recycler), […]
According to new data from the International Aluminium Institute (IAI), for the first time, total greenhouse gas (GHG) emissions from the global aluminum industry did not grow — even though aluminum production grew. “Our challenge is to reduce emissions while growing production,” said Miles Prosser, secretary general of the IAI. “Aluminum demand is expected to grow […]
Atomic13, a startup launched by Eric Donsky, signed an exclusive agreement with the U.S. Department of Energy’s Pacific Northwest National Laboratory (PNNL) to commercialize the patented Shear Assisted Processing and Extrusion Process (ShAPE™) technology, which can transform 100% post-consumer scrap aluminum into high quality extrusions. The new company aims to create a range of custom […]
Hydro plans to invest EUR 180 million investment to construct a new state-of-the-art aluminum recycling plant in Torija, Spain. The new facility will supply aluminum billet to the transportation automotive, building and construction, renewable energy installations, and consumer durable markets in Europe. “Worldwide demand for materials like aluminum is growing as we build the infrastructure […]
MetalX, an independent metals recycling business headquartered in Fort Wayne, Indiana, and investment firm Manna Capital Partners plan to invest over $200 million in a new greenfield aluminum recycling campus, with Defiance, Ohio, selected as the site for the new slab manufacturing plant. The site will also include scrap shredding and sorting capabilities and a […]
