HYDRO WILL INVEST 180 MILLION EUROS IN NEW SPANISH ALUMINIUM RECYCLING PLANT
NEWS Desk Global
Hydro, an aluminum producer, has announced plans to invest 180 million euros in a new aluminum recycling plant in Spain. This facility will have the capacity to produce 120,000 metric tons of low-carbon metal, supporting Europe's energy transition objectives.
The European Union's decision to include aluminum on its critical raw material list underscores its significance in various sectors, particularly electric vehicles. Aluminum is essential for reducing vehicle weight, thereby extending driving range, making it a crucial component in the transition towards greener transportation solutions.
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