Aluminum's future at a crossroads: Election influence looms

Remember when Biden’s Investing in America plan came on the scene? There was up to $6 billion set aside for 33 projects focused on decarbonization in the U.S. Of that, about $900 million was to fund the aluminum and copper industries. So, where do things stand with aluminum and how much of that funding has been released? And what happens to these funds if we see a change in leadership next year?

First, let’s recap who got the funding. Century Aluminum was awarded $500 million to build a new green aluminum smelter, either in Kentucky or Ohio. Constellium is set to receive around $75 million for a low-carbon furnace in West Virginia. Golden Aluminum is in line for about $22 million to create a new generation mini mill in Colorado, while Real Alloy Recycling could snag up to $67 million for an advanced aluminum recycling project in Indiana.