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

Published: Apr 11, 2026 22:09

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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.

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