Europe: In order to construct an aluminium dross and scrap recycling factory in South Carolina, it has been claimed that the Swiss commodities trading corporation Glencore will collaborate with the Kentucky-based Zeb Metals.
A new aluminium mill is being built in the area; it will likely open its doors in late 2023. The plant will have two rotating furnaces for recycling industrial waste and aluminium dross for local use. This information has been validated by sources close to the project.
In close proximity to JW Aluminum's Mt Holly rolling mill, in South Carolina's Goose Creek, Century Aluminium has a main smelter. Each facility, less than 20 miles from Charleston, creates dross, a by-product of primary and secondary smelting based on aluminium.
Glencore is making a significant step in the aluminium scrap recycling sector in a time of unparalleled investment by purchasing its first facility. This increases their extensive exposure to copper and precious metal scrap recycling at several US, Canada, Italy, and Chile locations.
According to recent government initiatives like the US Inflation Reduction Act (IRA) and the EU's proposed Green Deal Industrial Plan, "critical raw materials will continue to be in high demand through the end of the decade and beyond, necessitating new investment in both primary supply and recycling." Glencore believes that the growing trend towards decarbonization will be advantageous to its full-year results in 2022.
The first US greenfield rolling mill to be built in decades will be built, Novelis said in May 2022. A new era for US mills began with this audacious move, which was swiftly followed by similar statements from Steel Dynamics and Ball.