EGA Spectro Alloys opens first phase of Minnesota casthouse

I was invited to the grand opening of EGA Spectro Alloys’ new greenfield secondary billet casthouse on Oct. 2 in Rosemount, Minnesota. This is a $71-million investment in state-of-the-art secondary billet production, yielding 120 million pounds/year in its Phase 1. The project was a vision of the Palen family before EGA acquired an 80% stake in the company in 2024. The facility produced its first metal casting last month.

The production will be focused on a scrap-heavy melt formula, with the target being 80% scrap and 20% primary metal. I saw about 3 ½ million pounds of high-quality scrap in their fully enclosed scrap bunkers. The company will leverage its experience in scrap sourcing for its adjacent secondary alloys complex to support the new billet complex.