Market
October 15, 2024
Novelis secures extra supply of scrap
Written by CRU
Aluminum product manufacturer Novelis has signed a three-year agreement with TSR Recycling of Germany for delivery of around 75,000/mt of pre-sorted and end-of-life aluminum products.
They will be processed at the Novelis Nachterstedt recycling center in Saxony-Anhalt, eastern Germany, as a feedstock for low-carbon aluminum sheet used in the automotive sector.
The company said the agreement will support rising market demand for aluminum with high-recycled content, adding availability of end-of-life material is crucial as the company is constantly developing new ways for its automotive customers to absorb more pre- and post-consumer scrap into automotive aluminum alloys.
“Ensuring that valuable resources are reused and repurposed benefits both our businesses and the planet,” said TSR’s chief operating officer Denis Reuter.
Editor’s note: This article was first published by CRU. To learn more about CRU’s services, click here.
