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 to learn 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

35 mins ago

Data: SHFE, DCE market movement (May 26)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 26 May , 2026

35 mins ago

36 mins ago

Aluminum Alloy Futures Rise 0.52%, Spot Prices Drop Amid Weak Supply and Demand

[SMM Aluminum Alloy Daily Review] Futures: The most-traded aluminum alloy 2607 futures contract opened at 23,025 yuan/mt today, dipped under pressure to 22,880 yuan/mt in early trading, surged rapidly to 23,300 yuan/mt in the afternoon session before pulling back with fluctuations, and finally closed at 23,140 yuan/mt, up 120 yuan/mt (+0.52%) from the previous day's settlement price. Spot: SMM ADC12 was quoted at 23,600 yuan/mt today, down 100 yuan/mt. The current ADC12 market maintained a pattern of weakness on both the supply and demand sides: on one hand, the structural constraint of tight compliant aluminum scrap supply was difficult to ease in the short term, providing cost support; on the other hand, downstream demand recovery remained sluggish. Against the backdrop of no significant

36 mins ago

1 hour ago

Brazilian Rare Earths Shares Surge 8.7% on Bauxite-Gallium Project Spin-Off Plans

[SMM Aluminum Express News] Brazilian Rare Earths shares rose 8.7% after the company advanced plans to spin off its Amargosa Bauxite-Gallium Project in Brazil into a new ASX-listed entity, Alurion Resources. The demerger is intended to sharpen BRE’s focus on rare earths while giving shareholders exposure to a separate bauxite and gallium growth platform, with BRE retaining a minority stake in Alurion.

1 hour ago