EXHIBIT 23.2


                                                 [LETTERHEAD OF ARTHUR ANDERSEN]



IMCO Recycling Inc.
Central Tower at Williams Square
Attn: Mr. Paul V. Dufour
Mr. Robert Holian
5215, North O'Connor Blvd., Suite 1500
Irving, Texas 75039

USA


March 20, 2001



Consent of Independent Auditors



We consent to the incorporation by reference in the Registration Statements
(Form S-8 No. 33-26641, Form S-8 No. 33-34745, Form S-8 Nos. 33-76780, 333-
00075, 333-71339, Form S-8 Nos. 333-07091 and 333-71335, Form S-8 No. 333-55962
and Form S-8 No. 333-81949) pertaining to the Nonqualified Stock Option Plan of
IMCO Recycling Inc., the IMCO Recycling Inc. Amended and Restated Stock Option
Plan, the IMCO Recycling Inc. 1992 Stock Option Plan, the IMCO Recycling Inc.
Annual Incentive Program the IMCO Recycling Inc. 2000 Restricted Stock Plan and
the IMCO Recycling Inc. Employee Stock Purchase Plan, respectively, of our
report dated February 12, 2001, with respect to the financial statements of VAW-
IMCO Guss und Recycling GmbH included in the Annual Report (10-K) for the year
ended December 31, 2000.


Yours very truly,

Arthur Andersen
Wirtschaftsprufungsgesellschaft
Steuerberatungsgesellschaft mbH

/s/ Gerd Lutzeler                           /s/ M. Senghaas
Gerd Lutzeler                               ppa. Marcus Senghaas