RIO News: Rio Tinto enters aluminum recycling race through 50% stake in Canada's Matalco - 2nd Dec 2023, 4:31am

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Inside Cityscrapmetal Recycling Facilities

Mining giant Rio Tinto Ltd. has entered the global recycling race for aluminum through a $700-million investment in Brampton, Ont.-based Matalco Inc., as it eyes taking a stake in a market that’s expected to grow substantially in the next decade.

Giampaolo Group Inc.’s Matalco currently runs six recycling facilities in the United States and one in Canada. Matalco will remain the operator of the facilities, while Rio, which will hold a 50 per...

>>> Read more: Rio Tinto enters aluminum recycling race through 50% stake in Canada's Matalco
 
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