Yale University alumnus David D’Addario is a resident of Florida. A commodities veteran, David D’Addario has served as the chairman and chief executive of New Day Aluminum LLC since 2001. On October 31, 2017, New Day announced the completion of the acquisition of ARC Fused Alumina by its Dutch subsidiary. The company was purchased from Mircal SA. Mircal was compelled to sell off this operation following its acquisition of some assets from Alteo Holding earlier on. Based in La Bathie, France, ARC Fused Alumina produces specialty alumina products such as bubble alumina, white fused alumina, and silicon nitrates. These products can be used in industries like ceramics, abrasives, flooring, and refractory. New Day’s purchase of the investment was approved by the European Commission in September. Speaking at the announcement, New Day CEO D’Addario welcomed ARC Fusion’s clients and its 150-member staff to the New Day family. He stated that the acquisition would diversify New Day’s geographic and product portfolio while positioning it for more acquisitions and global integration.
Based in Florida, David D’Addario is an experienced executive within the metals and recycling industry who guides a number of companies, including New Day Aluminum, LLC, and its Noranda Bauxite and Alumina subsidiary. As reported in Metal Bulletin, David D’Addario participated in the publication’s 24th annual Bauxite and Alumina conference in Jamaica. In addition to D’Addario, Jamaica’s Science, Energy, and Technology Minister Andrew Wheatley spoke before attendees. Mr. Wheatley said that the country’s bauxite and alumina sector has a bright future and is poised for growth. He expressed optimism about prospects for investors. Mr. Wheatley said that the industry demonstrates significant potential for growth, as alumina benchmark prices have increased and are expected to continue to rise due to strong global demand.In addition, Mr. Wheatley said that the country’s economic reform program has led to a stable macro environment. As a result, inflation, foreign exchange reserves, and the debt ratio are on the right track.
David D’Addario serves as the chairman and CEO of New Day Aluminum, the parent company for the subsidiary businesses Noranda Alumina and Noranda Bauxit. Under David D’Addario’s direction, Noranda Alumina produces smelter-grade (SGA) and chemical-grade (CGA) alumina. The common name for the chemical compound aluminum oxide (Al2O3), alumina is extracted from an ore called bauxite, found in the topsoil of tropical and subtropical regions. Metallurgists extract alumina using the Bayer process, during which the ore is crushed, mixed into a sodium hydroxide solution, and seeded with crystals that precipitate aluminum hydroxide. Heating the aluminum hydroxide evaporates the water and creates different grades of alumina in a powdery form. Originally invented in 1887, the Bayer process remains the primary method for producing alumina.Alumina’s industrial uses extend beyond the production of aluminum. The compound can be used as a filler for plastics, and is a less-expensive substitute for making industrial diamonds. The automobile industry frequently uses alumina as a paint ingredient for cars to achieve the reflective effect. Refineries make the largest-scale use of it to convert hydrogen sulfide waste gases into elemental sulfur.
With over 30 years of metals and recycling experience, David D’Addario serves as the chairman and CEO of New Day Aluminum, LLC. David D’Addario also leads the subsidiaries Noranda Alumina and Noranda Bauxite, which conduct alumina-refining and bauxite-mining operations. Bauxite is a type of rock comprised of aluminum and clay minerals combined with some insoluble materials, and it is the world’s chief source of aluminum. It is named after Les Baux, the French village where it was first discovered in the early 1800s. As the third-most abundant element in the world, it makes up approximately 7 percent of the earth’s crust in known reserves of around 29 billion metric tons. It is estimated that between 26 and 46 billion more metric tons of bauxite resources remain undiscovered. At current extraction rates, the world’s known and unknown bauxite reserves could last for up to 340 years.
