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Glencore unit buys stake in AZR


A subsidiary of Glencore plc has purchased a 10% stake in US electric-arc furnace dust recycler American Zinc Recycling Corp (AZR). Under the terms of the agreement, Glencore will provide engineering and project management services, expediting the restart of AZR’s Mooresboro, North Carolina, zinc production facility, which was idled in January 2016.

AZR is targeting a mid-2019 restart of the Mooresboro facility, said Ali Alavi, AZR’s senior vice president of corporate and environmental affairs, although “we believe we can get to production sooner than that and that’s what we’ll be striving for.”

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