Glencore has entered into a 10-year alumina supply and aluminium offtake agreements with Malaysian-based Press Metal Bintulu, one of the leading global producers of green aluminium. 

“We have a long-standing relationship with Press Metal and the transactions we have announced today are an important step in our strategy to increase Glencore’s supply of green aluminium to the global market and support Press Metal’s expansion ambitions as a key primary producer of low-carbon aluminium,” said Robin Scheiner, head of Alumina and Aluminium, Glencore.

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

In August 2021, Glencore increased its medium-term emission reduction target to a 50% reduction by 2035 on 2019 levels and introduced a new short-term target of a 15% reduction by 2026 on 2019 levels. 

Source: Glencore

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