Commodity trader Glencore has struck aluminium offtake and alumina supply agreements with Malaysian-based aluminium company Press Metal Bintulu.

Claimed to be Southeast Asia’s largest integrated aluminium producer, Press Metal has a total aluminium smelting capacity of 1.08 million metric tonnes per year (mtpa) and aluminium extrusion capacity of 210,000mtpa.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Glencore alumina and aluminium Head Robin Scheiner said that the ten-year agreements mark a step ahead in Glencore’s strategy to increase the supply of green aluminium to the global market.

It also supports Press Metal’s expansion goals as a key primary producer of low-carbon aluminium.

Scheiner added: “Glencore is committed to supporting the transition to a low carbon economy. Demand for this metal segment has grown substantially over the last few years and is expected to increase in the future as customers look to reduce their carbon footprint.”

Press Metal CEO Tan Sri Dato’ Paul Koon said: “This agreement stamps the trust between both organisations as we share identical philosophies in supporting a low carbon economy and climate commitment towards net zero by 2050.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We are delighted that Glencore recognises our efforts in sustainable and responsible production of low carbon aluminium. Press Metal endeavours to continuously produce low-carbon aluminium as our prime business strategy.” 

In March 2022, Glencore signed contracts with French smelter Aluminium Dunkerque, whereby the commodity trader will supply feedstock alumina.

Aluminium Dunkerque also agreed to sell aluminium to Glencore.

Effective from next year, these contracts come amid disruptions to commodities exports such as alumina following Russia’s military offensive against Ukraine, which is a key producer, reported Reuters.