| Abstract Scope |
Arctial is a company located in Finland and which is planning to construct a primary aluminum smelter. Rio Tinto, Mitsubishi Corporation, Fortum, ABB, Siemens Tesi and Vargas are jointly financing the project. Today, Europe is a significant net importer of aluminum and demand for low carbon aluminum is growing rapidly. Geopolitics and regulatory tailwinds are further boosting the need for European production. This makes the establishment of a European greenfield aluminum smelter attractive. If realized, Arctial’s manufacturing facility would mark the first greenfield primary aluminum smelter in continental Europe in over 30 years. Arctial anticipates making a final investment decision during quarter one 2027. |