MetalX and Manna Capital comes together to establish a recycled-content aluminium rolling slab factory located in the Great Lakes area. The facility will be built to produce roughly 100,000 tonnes annually of ultra-low carbon aluminium rolling slab with a higher percentage of recycled content that is currently available. This new Greenfield aluminium rolling slab factory will cost over $200 million. It will be in northeast Indiana, northwest Ohio, or southern Michigan.

According to the two businesses, the end markets for the plant will be focused primarily on alloys for the beverage, packaging, and auto industries and, to a lesser extent, industrial and speciality markets. The factory will have about 100 workers when it is fully operational, which is anticipated to happen in the first half of 2026.

The aluminium plant, according to MetalX, will be situated close to one of its scrap processing facilities and a particular logistics facility run by Page Trucking. Together, these facilities will make up what MetalX refers to as a $300 million Greenfield recycling campus where innovative closed-loop recycling solutions will support the aluminium industry's sustainability and circularity goals.

The proposed factory will be added to many significant investments in recycled aluminium melt shops announced in 2022, including ones by the can manufacturer Ball Corp., the steelmaker Steel Dynamics Inc., and the Atlanta-based Novelis Inc. In 2012, Danny and Neal Rifkin established the privately held company MetalX. In 2021, the business sold steel manufacturer BlueScope its ferrous scrap-focused assets and auto shredding equipment. It bought a second aluminium manufacturing facility in Indiana last year.