The Atalco refinery in Gramercy will receive federal funding to produce more critical minerals under a new agreement between its Bermuda-based owners and the U.S. Department of Defense, reports Louisiana Illuminator.
The partnership includes a $450 million investment that will allow the facility to produce gallium, a soft metal used in semiconductors, and to ramp up its refinement of aluminum oxide, a feedstock mineral used to make finished aluminum.
The plant is expected to produce over 1 million metric tons of alumina per year and up to 50 metric tons of gallium per year under a new agreement between the U.S. government and Atalco’s owner, Concord Resources Holdings Ltd., a firm domiciled in Bermuda with offices around the world. Read more.
