Aluminum Scrap Markets
April 17, 2024
Aboud: Investments key for aluminum sector revitalization
Written by Matt Aboud
On March 25, 2024, the Department of Energy announced the recipients of $6.3 billion in funding from the Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA) for industrial decarbonization projects.
This funding was open to all heavy industries and five projects from the aluminum sector were chosen, including a $500 million grant for Century Aluminum to construct the first new aluminum smelter in the United States since 1980. This project was cited as an important step to revitalize the U.S. primary aluminum industry.
