Atalco to Expand Gramercy Refinery Operations With Federal-Backed Investment
Aluminum | 2026-01-14 06:57:36
According to Louisiana Economic Development, the refinery is expected to produce more than 1 million metric tons of alumina per year and up to 50 metric tons of gallium annually.
By Paul Ploumis
SEATTLE (Scrap Monster): The Atalco refinery in Gramercy, Louisiana, will receive federal funding to expand production of critical minerals under a new agreement between its Bermuda-based owner and the U.S. Department of Defense. The partnership includes a $450 million investment aimed at enabling the facility to produce gallium, a key metal used in semiconductors, and to significantly increase output of aluminum oxide (alumina), a vital aluminum feedstock.
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According to Louisiana Economic Development, the refinery is expected to produce more than 1 million metric tons of alumina per year and up to 50 metric tons of gallium annually. Under the agreement, Concord Resources Holdings Ltd., Atalco’s owner, will receive $150 million in Defense Department funding, while Pinnacle Asset Management and Concord will invest an additional $300 million in private equity, with expectations of further federal support.
Pinnacle said the project will help strengthen the U.S. critical minerals supply chain and reduce reliance on foreign sources. The expansion is expected to create 500 new jobs.
Atalco, also known as Atlantic Alumina, is the only remaining alumina refinery in the United States.
POLL
What is the most significant impact of the Atalco refinery expansion?
Frequently Asked Questions
- What is the total value of the Atalco refinery expansion?
The project represents a $450 million investment combining federal funding and private equity.
- How much federal funding is involved?
The U.S. Department of Defense will provide $150 million, with the remainder coming from private investors.
- What materials will the refinery produce after expansion?
Atalco will produce more than 1 million metric tons of alumina per year and up to 50 metric tons of gallium annually.
