What Raffmetal does

Raffmetal S.p.A. is an Italian manufacturer of secondary (recycled) aluminium casting alloys, founded in 1979 in Casto, Brescia, and operating today as a subsidiary of the Niboli-family-owned Silmar Group. The company's principal product line consists of 100%-recycled aluminium alloys supplied as continuous-cast ingots and as direct liquid aluminium delivered to customer foundries, augmented by the SILVAL range of primary-equivalent aluminium alloys from recycling introduced in 2020. Production is anchored at the Casto (Malpaga/Ferriera) and Odolo plants in Brescia, with a dedicated SILVAL production line at the Silval Special Alloys Plant in Vobarno and a finished-goods warehouse in Nuvolera, supported by 350,000 tonnes/year of installed capacity, 1,800+ European scrap suppliers, in-house spectrometer and SEM-EDS laboratories, and proprietary continuous casting technology first applied to aluminium in 1994.

The company monetises primarily through direct B2B sales of recycled aluminium alloys to enterprise foundries and OEMs in four end markets — automotive (primary, IATF 16949 and TISAX certified), construction, white goods, and lighting — supplemented by a closed-loop scrap recovery service and sales of the RAPAL aluminium-oxide by-product. Distribution is field-sales-led with technical application engineering, alloy customisation across 20+ packaging configurations, a proprietary Search Alloy selection tool, and unique 24/7 liquid-aluminium delivery within a 250 km radius of Casto. Customers receive EPD-certified carbon footprint data, unique-cast-number traceability, and quantified CO2/methane savings versus ingot delivery, with revenue pricing custom to alloy specification, volume, and raw-material market conditions.

Strategically, Raffmetal competes on a regulatory-and-certification stack (EcoVadis Platinum, EPD, ASI, IATF 16949, ISO 14001/14064/45001/50001, TISAX), embedded circular-economy IP (zero-landfill since 1989, 40% self-generated electricity, 9 km oxygen pipeline eliminating 2,500 truck movements/year), and participation in Horizon Europe consortia (ZEvRA, SALEMA) co-developing alloys and standards for electrified vehicles. The company's two consecutive-year historical revenue dip from €745.5M (2022) to €693.1M (2024) in the parent group's aluminium casting sector reflects cyclical scrap-price and demand dynamics rather than competitive loss, while headcount growth (422→464) and recent moves — the 2025 Silval plant full acquisition and the EcoVadis Platinum award — indicate continued capacity and ESG investment.

Name

Raffmetal

Legal name

Raffmetal S.p.A.

Website

https://raffmetal.it

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

251–500 employees

Short description

Raffmetal is an Italian manufacturer and European leader in recycled aluminium casting alloys, supplying 100%-recycled ingots and direct liquid aluminium to enterprise foundries and OEMs across automotive, construction, white goods, and lighting from its 350,000-tonne/year integrated plant complex in Brescia.

Ownership category

akta.pro rank

Product category

Recycled Aluminum Alloys

NAICS

Secondary Smelting and Alloying of Aluminum (331314), Alumina and Aluminum Production and Processing (3313)

SIC

Secondary Smelting & Refining Of Nonferrous Metals (3341)

akta.pro primary industry

Secondary Aluminum Smelting & Recycling (Remelt) (IMAKACAD)

akta.pro secondary industries

Aluminum Scrap Collection, Sorting & Processing (IMAKACAJ), Non-Ferrous Scrap Processing & Recycling (Aluminum, Copper, Brass, Lead, Zinc) (EUAIAJAB), Aluminum Fabrication & Finishing (Machining, Anodizing, Coating) (IMAKACAI), Aluminum Value-Added Components (Automotive, Aerospace, Packaging, Building Systems) (IMAKACAM)

Keywords

• Recycled aluminum alloys
• Secondary aluminum production
• Continuous casting ingots
• Liquid aluminum supply
• Aluminum scrap processing

Headquarters

HQ city

Casto

HQ country

Italy

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Aluminium Alloy Sales (Ingots and Liquid Aluminium): Raffmetal generates revenue primarily from the sale of aluminium casting alloys produced from 100% recycled scrap. Products are available as continuous-cast ingots/ingots and in liquid form delivered directly to customer foundries. The company also sells secondary products including RAPAL (aluminium oxide from salt residue recovery). Raffmetal operates a commercial network across Europe to procure scrap and sell finished alloys.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Raffmetal produces 100% recycled aluminum casting alloys from post-consumer scrap for industrial foundries and manufacturers. Products are available as continuous-cast ingots and liquid aluminum delivered directly to customer facilities, serving automotive, construction, white goods, and lighting sectors. The company operates proprietary continuous casting technology (first globally in the aluminum sector, 1994) and maintains full supply chain control from scrap procurement across 1,800+ European suppliers to finished alloy delivery.

Product overview

Raffmetal is a leading European producer of recycled aluminum alloys with a production capacity of 350,000 tons per year. The company operates two main product lines: (1) 100% Recycled Aluminum Alloys - produced at the Casto facility in continuous cast ingots and liquid form, representing a benchmark in circular economy; (2) SILVAL Primary Aluminum Alloys from Recycling - innovative alloys produced at the Silval Special Alloys Plant in Vobarno, offering performance comparable to extraction-based products with low carbon footprint and EPD certification. Supporting services include Search Alloy software for alloy selection, traceability systems, customization capabilities, and raw material processing from over 1,800 European suppliers. The company operates five Italian facilities: Casto (Malpaga and Ferriera) for alloy production, Odolo for scrap selection and processing, Vobarno for SILVAL production, and Nuvolera for finished product storage.

Differentiator

Problem solved

Functional benefit

Brands

• Silval: Innovative range of primary aluminium alloys from recycling, produced at Silval Special Alloys Plant in Vobarno, with performance comparable to extracted alloys and EPD certification.

Products and services

• Leghe 100% di alluminio da riciclo (100% Recycled Aluminum Alloys) Aluminum alloys produced 100% from recycled materials, available in continuous cast ingots and liquid state. These alloys provide high quality with significantly reduced environmental impact, serving the construction, white goods, lighting, and automotive sectors.
• SILVAL - Primary Aluminum Alloys from Recycling Innovative primary aluminum alloys from recycling with performance comparable to extraction-based products. Produced at Silval Special Alloys Plant (100% owned by Raffmetal since 2025), featuring high recycled content and low carbon footprint certified EPD. Available in continuous cast ingots with full traceability.
• Liquid Aluminum (direct delivery) Aluminum delivered in liquid state directly to customer facilities, offering +2% metallic yield per ton of aluminum, no storage required, reduced CO2 emissions (-156 kg/ton Al), and energy savings (-80 m3 methane/ton Al) compared to ingot production.
• Search Alloy A proprietary software tool that allows customers to quickly identify the most appropriate alloy for developing specific applications based on their requirements, registered customer portal for digital alloy selection and technical support.
• RAPAL - Aluminum Oxide from Salt Recovery Aluminum oxide produced from the salt recovery process. Since 1989, salt residues from the fusion process are recycled through a recovery plant, with aluminum oxides marketed and sold as RAPAL product.

Quantifiable outcome

• Up to 95% energy savings and significant CO2 reduction vs. primary aluminium from bauxite (ZEvRA project)
• +7 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature11 records

Partnerships

13 partnerships are on record, tiered core and minor.

• ZEvRA Project ConsortiumcoreStrategic or Co-development Partner · 1 January 2024Raffmetal is one of 28 partners in the ZEvRA (Zero Emissions for Vehicles through Recycled Aluminium) project, funded by Horizon Europe (January 2024 – December 2026). The project aims to achieve zero CO2 emissions for light electric vehicles by 2035 by transforming the entire EVs value chain from production to end-of-life, with a focus on sustainability and circularity. Raffmetal provides 100% recycled aluminium alloys for EV prototype development and contributes to Design for Circularity methodologies targeting 84% material circularity and 59% of EVs lifecycle transformation in Europe.
• SALEMA Project ConsortiumcoreStrategic or Co-development Partner · 1 January 2021Raffmetal participated in the SALEMA project (2021–2024), funded by Horizon Europe, which demonstrated the feasibility of using secondary (recycled) aluminium for high-performance automotive alloys. The project engaged the entire aluminium for automotive sector to prove technical and economic viability of circular aluminium, with potential applications extending to aviation, rail transport, packaging, and construction.
• University of BergamominorStrategic or Co-development PartnerCollaboration with the University of Bergamo's Department of Business Sciences produced an International Challenge focused on analysing EU CBAM (Carbon Border Adjustment Mechanism) and ETS (Emission Trading System) directives and their effects on the European aluminium value chain. Students from the International Business Management Advanced course participated under Prof. Cristina Bettinelli's guidance, generating strategic insights on climate policy impacts and industrial competitiveness.
• University of Siena / INDACO2coreStrategic or Co-development PartnerSince 2019, Raffmetal collaborated with the University of Siena and its INDACO2 spin-off on Life Cycle Assessment (LCA) studies of aluminium alloys and on developing the Product Category Rule (PCR) for non-construction aluminium, approved by Environdec in December 2022. This PCR became an international reference standard enabling EPD certification for the aluminium recycling sector.
• University of Bicocca MilanminorStrategic or Co-development PartnerSince 2000, Raffmetal collaborates with the Department of Environmental and Land Sciences of the University of Bicocca, Milan, for biodiversity research and monitoring, with particular attention to the vegetation of Casto and neighbouring municipalities. The company commits to avoiding operations near high-biodiversity protected areas.
• European AluminiumcoreStrategic or Co-development PartnerRaffmetal is a member and active supporter of European Aluminium, the European aluminium industry association. The company co-signed position papers calling for effective EU trade policy to protect the European aluminium industry, including measures on scrap export restrictions, CBAM reform, and minimum European content requirements for automotive. Raffmetal also participated in joint discussions with JRC (European Commission's Joint Research Centre) on recycled aluminium content in vehicles and ELV regulation.
• Joint Research Centre (JRC) – European CommissioncoreStrategic or Co-development PartnerRaffmetal hosted a high-level delegation from the JRC together with European Aluminium representatives for a feasibility study on recycled aluminium content in vehicles. The study is directly linked to the proposed revision of the End of Life Vehicles (ELV) Regulation, aiming to strengthen circularity, traceability, and sustainability requirements for materials used in vehicles placed on the European market.
• Air LiquidecoreTechnology or IntegrationAir Liquide supplies industrial oxygen via a dedicated 9 km pipeline connecting the Casto and Odolo plants (operational since 2013). This infrastructure eliminates over 2,500 tanker truck journeys per year, reducing CO2 emissions and improving operational safety.
• DNVminorOthersDNV served as the validating certification body for Raffmetal's TISAX (information security) certification, which was achieved in 2023/2024.
• Silmar GroupcoreStrategic or Co-development PartnerSilmar Group is the parent company of Raffmetal. The Group, founded in 1963, integrates aluminium casting (Raffmetal), heating (Fondital), hydrothermosanitary (Valsir), plastic recycling, and other operations across 30 production sites in over 100 markets. Raffmetal supplies aluminium alloys to sister company Fondital and benefits from the Group's integrated supply chain model and shared ESG governance.
• FonditalcoreStrategic or Co-development PartnerFondital is the heating sector sister company within Silmar Group and Raffmetal's original primary customer. Founded near Vestone, Fondital purchases aluminium alloys from Raffmetal for radiator production. The two companies exhibit jointly at EUROGUSS and maintain an integrated supply chain. Fondital was the original driver for Raffmetal's founding in 1979.
• Fondo Silvestro e Margherita NiboliminorOthersEstablished by the Niboli family to continue the human and entrepreneurial legacy of founder Silvestro Niboli. The fund supports community initiatives including sports facilities (550,000 EUR donation for Vestone football field, donations to Treviso Bresciano oratory), school programs, and social projects in the Brescia province territory.
• DexaminorOthersDexa is a Brescia-based web agency (active 20+ years) responsible for the design and development of Raffmetal's corporate website (raffmetal.it), providing ongoing digital communication and marketing support.

Scale indicators9 records

Recent moves11 records

Expansion highlights5 records

Broad incumbents

• Novelis: Global leader in aluminum rolling and recycling (owned by Hindalco/Aditya Birla Group). Comparable through large-scale recycled-content sheet and automotive body sheet production serving European OEMs.
• Constellium: European-headquartered aluminum products company supplying automotive, aerospace, and packaging. Comparable through automotive lightweighting alloys and recycled-content product initiatives serving the same OEM customers as Raffmetal.
• Norsk Hydro: Global Norwegian aluminum major with primary smelting plus a growing secondary/recycled alloys business (Hydro CIRCAL). Comparable through automotive-grade low-carbon aluminum offerings serving European OEMs.

Direct peers

• Real Alloy: Global secondary aluminum alloy producer serving automotive and industrial casting customers. Directly comparable business model of converting scrap into specification alloys for high-pressure die casting foundries.
• Speira: European aluminum rolling and recycling company (formerly Alunorf/Hydro Grevenbroich assets). Comparable through primary-plus-recycled aluminum production and direct supply into European automotive and industrial markets.
• STENA Aluminium: Swedish aluminum recycling company producing secondary alloys from scrap for European foundries. Closely comparable by activity (recycling-to-alloy) and European geographic focus.
• Trimet Aluminium: German-based producer of primary and secondary aluminum alloys serving automotive and industrial foundries. Directly competes with Raffmetal in European recycled casting alloys and shares IATF 16949-grade automotive supply.
• Hammerer Aluminium Industries (HAI): Austrian secondary aluminum producer specializing in casting alloys from recycled scrap. Closest direct peer to Raffmetal by business model, geography (DACH region), and customer base (foundries and automotive).

Regional players

• Matalco: North American producer of secondary aluminum billet for the extrusion and automotive markets. Comparable business model (recycled-content alloys for downstream manufacturing) but primarily serves North America, not Europe.

Emerging players

• KBM Master Alloys: Producer of aluminum master alloys and grain refiners for the foundry industry. Comparable as a specialty alloys supplier serving European foundries with a focus on metallurgical quality and customization.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights8 records

Customer concentration

• Xx.com/raffmetalSpa

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Raffmetal