KMG Acquires 45% Stake in South Carolina Recycling Plant, Strengthening US Aluminum Supply Chain

Published: Apr 11, 2026 22:09

Save

On April 10, KMG announced the acquisition of 45% of a recycling and remelting plant near Charleston, South Carolina. Previously, Glencore provided funding for the facility in exchange for marketing rights. The remaining 55% of the shares will be held by Alumicore, who will also operate the plant. This cooperation further consolidates the position of Glencore in actively supporting a resilient and sustainable aluminum supply chain in the United States. Through holding 30% of Century Aluminum, the largest primary aluminum producer in the United States, Glencore has become an important investor in the industry.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Domestic and International Aluminum Prices Weakened in Tandem, Geopolitical Tensions Eased, Aluminum Prices Under Pressure Overall [SMM Aluminum Morning Meeting Minutes]

[Domestic and Overseas Aluminum Prices Weaken in Tandem as Geopolitical Easing Puts Overall Pressure on Aluminum] The US Fed's dot plot released a hawkish pivot, turning the global macro front bearish. Recent oil price declines have also indirectly supported a stronger US dollar, exerting downward pressure on aluminum prices. In China, destocking continues to accelerate, but absolute inventory remains at elevated levels. With no new macro bullish catalysts, SHFE aluminum followed LME aluminum under pressure. It is expected that aluminum prices will remain in the doldrums in the short term.

1 hour ago

Rio Tinto's $1.5B Low-Carbon Aluminum Expansion in Quebec Nears Completion, Targets 2026 Full Production

According to foreign media reports, mining giant Rio Tinto's $1.5 billion expansion project at its Arvida aluminum smelter in Quebec has now entered the commissioning phase. The project adopts AP60 low-carbon aluminum technology and is expected to reach full production by the end of 2026. By then, 96 new-type electrolysis cells will be added, boosting annual primary aluminum capacity by 160,000 mt, and the AP60 process will be capable of producing up to 220,000 mt of low-carbon aluminum per year.

1 hour ago

China's Secondary Aluminum Alloy Ingot Inventory Decreases, Continues Destocking Trend

[SMM Aluminum Flash] According to SMM statistics, the daily inventory of secondary aluminum alloy ingots in major consumption areas in China on June 24 was 22,200 mt, down by 356 mt from Tuesday, maintaining the destocking trend.

1 hour ago