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Metal Exchange Corp. creates new joint venture company

St. Louis-based nonferrous metals provider Metal Exchange Corp. has announced a new joint venture with Novellini Industries, located in Mantova, Italy. The newly formed company, called novALmec, supplies aluminum billet to the European market.

The newly formed venture is expanding Novellini’s aluminum billet casting facility to 36,000 tons, with the added production scheduled to come on stream in early 2020.