10 Best Aluminum and Aluminum Mining Stocks To Buy

3. Constellium SE (NYSE:CSTM

Number of Hedge Fund Holders: 34

Constellium SE (NYSE:CSTM) specializes in aluminum rolled products, structural parts, and extruded products for the aerospace, automotive, and packaging industries. The company’s clients include leading automakers and beverage companies. Constellium SE (NYSE:CSTM) is investing heavily in recycling technologies to enhance its sustainability profile and improve operational efficiency.

On November 12, 2024, Constellium SE (NYSE:CSTM) made a significant announcement regarding a major breakthrough in aluminum recycling for the automotive industry. The company successfully implemented Laser-Induced Breakdown Spectroscopy (LIBS) technology at an industrial scale.

This innovation addresses a significant challenge in automotive aluminum recycling, which is the proper segregation of alloy families. Traditionally, mixed alloys from scrap were downcycled, limiting their use in high-value applications. However, the LIBS sorting technology enables rapid and accurate sorting of aluminum scrap, achieving over 95% purity for both alloy families. This means that recycled aluminum can be used to produce high-quality solutions without compromising material integrity.

This achievement has the potential to transform aluminum recycling practices on a global scale. The company’s Vice President of Global Automotive, Dieter Holl, highlighted the significance of this innovation, stating that it is an “unprecedented leap forward for the industry” and allows for the recovery of high-quality alloys from pre-consumer scrap, reducing the carbon footprint and supporting customers’ sustainability goals.