United States – A subsidiary of Glencore plc has purchased a 10% stake in American Zinc Recycling Corp., a wholly-owned subsidiary of American Zinc Recycling LLC.
The investment has been made in connection with the restart of operations at American Zinc Recycling Corp.’s Mooresboro Zinc Refinery in the US state of North Carolina; this involves a commitment by Glencore to purchase all of the zinc metal produced at the refinery for a period of 10 years after commencement of production.
The Mooresboro refinery employs a solvent extraction process to produce special high-grade zinc and alloys by processing waelz oxide and other zinc-bearing secondary materials. Waelz oxide sourced from the company’s other facilities will provide the primary feed for the refinery.
Pittsburgh-based American Zinc Recycling Corp. is a leading recycler of electric arc furnace dust. Its parent company also owns The International Metals Reclamation Company, LLC, a leading recycler of metals-bearing wastes and a leading processor of nickel-cadmium batteries.
‘We are pleased to have attracted the commitment of a world-class operator like Glencore who shares our ambition to advance the project rapidly into production,’ states Rodrigo Daud, ceo of American Zinc Recycling LLC. ‘Glencore’s zinc process engineering and general project execution expertise will enhance our own ongoing activities aimed at rapidly restarting production at Mooresboro.’