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               UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549
                                  FORM 10-K/A

         [  X  ]  Annual Report Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934

                  For the Fiscal Year Ended December 31, 2000


      [      ]  Transition Report Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934

                          Commission File No. 1-7170

                              IMCO Recycling Inc.
            (Exact name of registrant as specified in its charter)

                                    Delaware
         (State or other jurisdiction of incorporation or organization)

                                  75-2008280
                     (I.R.S. Employer Identification No.)

                     5215 North O'Connor Blvd., Suite 1500
                       Central Tower at Williams Square
                             Irving, Texas 75039

                   (Address of principal executive offices)

                                (972) 401-7200
             (Registrant's telephone number, including area code)


SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:
Title of Each Class             Exchange on Which Registered
-------------------             ----------------------------
Common Stock, $0.10 Par Value   New York Stock Exchange

SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT:   NONE

Indicate by check mark whether the Registrant  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

                             Yes  X           No
                                ----             ---

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of Registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to
this Form 10-K.    [    ]

As of March 1, 2001, the aggregate market value of voting and non-voting common
equity held by nonaffiliates of the Registrant was $62,579,294.

Indicate the number of shares outstanding of each of the Registrant's classes
of common stock, as of March 1, 2001.

                   Common Stock, $0.10 par value, 15,364,514
                   -----------------------------------------

DOCUMENTS INCORPORATED BY REFERENCE
Portions of the registrant's definitive proxy statement relating to its 2001
Annual Meeting of Stockholders are incorporated by reference into Part III
hereof.
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PART IV

ITEM 14.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K
--------

  (a) (3)  Exhibits:
           --------

  The Company is filing a new consent of independent auditors to correct the
  reference to the date of the audit report prepared by Ernst & Young LLP. The
  correct date of the audit report is January 31, 2001.
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SIGNATURES

Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange
Act of 1934, the registrant has caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.

Dated:             June 27, 2001    IMCO Recycling Inc.

                                    By:   /s/ ROBERT R. HOLIAN
                                          -----------------------------------
                                      Robert R. Holian, Senior Vice President,
                                      Controller and Chief Accounting Officer


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3.1     Certificate of Incorporation of IMCO Recycling Inc., as amended May 13,
        1998, filed as Exhibit 3.1 to the Company's Quarterly Report on Form
        10-Q for the quarterly period ended June 30, 1998, and incorporated
        herein by reference.

3.2     By-laws of IMCO Recycling Inc., as amended, effective as of March 24,
        1999, filed as Exhibit 3.2 to the Company's Annual Report on Form 10-K
        for the year ended December 31, 1999, and incorporated herein by
        reference.

3.3(1)  Amendment to By-laws adopted in August 2000.

10.1    IMCO Recycling Inc. Amended and Restated Stock Option Plan, filed as
        Exhibit 10.4 to the Company's Annual Report on Form 10-K for the year
        ended December 31, 1997, and incorporated herein by reference.

10.2    Specimen Split-Dollar Life Insurance Agreement, filed as Exhibit 10.7 to
        the Company's Annual Report on Form 10-K for the year ended December
        31, 1999, and incorporated herein by reference. This agreement is
        virtually identical to agreements between the Company and Richard L.
        Kerr, Paul V. Dufour, Denis W. Ray, Thomas W. Rogers, C. Lee Newton,
        Robert R. Holian and James B. Walburg.

10.3    Agreement, effective as of January 1, 1994, between IMCO Recycling Inc.
        and Aluminum Company of America, filed as Exhibit 10.11 to the Company's
        Annual Report on Form 10-K for the year ended December 31, 1999, and
        incorporated herein by reference.

10.4    IMCO Recycling Inc. 1992 Stock Option Plan, as amended December 15,
        1994, February 28, 1996, February 25, 1997, May 13, 1997 and May 13,
        1998, filed as Exhibit 10.2 to the Company's Quarterly Report on Form
        10-Q for the quarterly period ended June 30, 1998, and incorporated
        herein by reference.

10.5(1) Amendment to the IMCO Recycling Inc. 1992 Stock Option Plan dated
        February 12, 2001.

10.6    IMCO Recycling Inc. Annual Incentive Program, as amended February 25,
        1997, April 1, 1997, May 13, 1997 and May 13, 1998, filed as Exhibit
        10.1 to the Company's Quarterly Report on Form 10-Q for the quarterly
        period ended June 30, 1998, and incorporated herein by reference.

10.7(1) Amendment to the IMCO Recycling Inc. Annual Incentive Program dated
        February 12, 2001.

10.8    Registration Rights Agreement dated as of November 14, 1997 among IMCO
        Recycling Inc. and the former shareholders of Alchem Aluminum, Inc.,
        filed as Exhibit 10.4 to the Company's Current Report on Form 8-K/A-2
        dated September 18, 1997, and incorporated herein by reference.

10.9    Executive Option Exercise Loan Program, dated March 10, 1998, filed as
        Exhibit 10.1 to the Company's Quarterly Report for the quarterly period
        ended March 31, 1998, and incorporated herein by reference.
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10.10    Memorandum of Purchase and Sale Agreement by and among IMCO Recycling
         Inc., The Minette and Jerome Robinson Community Property Trust, The
         Minette and Jerome Robinson Foundation, The Minette and Jerome Robinson
         Charitable Remainder Trust, M. Russ Robinson, Howard Robinson and Mindy
         Robinson Brown, dated July 21, 1998, filed as Exhibit 2.1 to the
         Company's Current Report on Form 8-K, dated August 4, 1998, and
         incorporated herein by reference.

10.11    Form of Common Stock Purchase Warrant, dated July 21, 1998, filed as
         Exhibit 2.2 to the Company's Current Report on Form 8-K, dated August
         4, 1998, and incorporated herein by reference.

10.12    Second Amended and Restated Credit Agreement, by and among the Company;
         Subsidiary Guarantors named therein; the Lenders thereunder; Bank of
         America, N.A.; PNC Bank, National Association and Chase Bank of Texas
         National Association dated October 25, 1999, filed as Exhibit 10.1 to
         the Company's Quarterly Report on Form 10-Q for the quarterly period
         ended September 30, 1999, and incorporated herein by reference.

10.13    First Amendment dated January 5, 2000 to the Second Amended and
         Restated Credit Agreement, by and among the Company; Subsidiary
         Guarantors named therein; the Lenders thereunder; Bank of America,
         N.A.; PNC Bank, National Association and Chase Bank of Texas National
         Association dated October 25, 1999, filed as exhibit 10.13 to the
         Company's Annual report on Form 10K for the year ended December 31,
         1999, and incorporated by reference.

10.14    IMCO Recycling Inc. Annual Incentive Compensation Plan, filed as
         Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q for the
         quarterly period ended June 30, 1999, and incorporated herein by
         reference.

10.15    Employee Stock Purchase Plan, filed as Exhibit 4.4 to the Company's
         Form S-8 dated June 30, 1999, and incorporated herein by reference.

10.16    Registration Rights Agreement dated as of July 21, 1998 among IMCO
         Recycling Inc. and the former shareholders of U.S. Zinc Corporation,
         filed as Exhibit 10.16 to the Company's Annual Report on Form 10-K for
         the year ended December 31, 1999, and incorporated by reference.

10.17    Split-Dollar Life Insurance Agreement, filed as Exhibit 10.17 to the
         Company's Annual Report on Form 10-K for the year ended December 31,
         1999 and incorporated by reference.

10.18    IMCO Recycling Inc. Performance Share Unit Plan, filed as Exhibit 10.18
         to the Company's Annual Report on Form 10-K for the year ended December
         31, 1999 filed as Exhibit 10.1 to the Company's Quarterly Report on
         Form 10-Q for the quarter ended March 31, 2000, and incorporated by
         reference.

10.19(1) IMCO Recycling Inc. 2000 Restricted Stock Plan.

10.20(1) Employment Agreement between the Company, IMCO Management Partnership
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         L.P. and Don V. In gram dated September 1, 2000.


10.21(1) Restricted Stock Award Agreement between the Company and Don V. Ingram
         dated October 12, 2000. This agreement is virtually identical (except
         as to dates and number of shares of restricted stock awarded) to
         Restricted Stock Award Agreements between the Company and (i) Paul V.
         Dufour dated October 12, 2000 and (ii) Richard L. Kerr dated February
         1, 2001.

10.22(1) Employment Agreement between the Company, IMCO Management Partnership
         L.P. and Paul V. Dufour dated September 1, 2000.

10.23(1) Employment Agreement between the Company, IMCO Management Partnership
         L.P. and Richard L. Kerr dated February 1, 2001.

10.24(1) Modified Earn-Out Agreement by and among the Company and Russ Robinson
         and Howard Robinson dated May 31, 2000.

21   (1) Subsidiaries of IMCO Recycling Inc. as of March 1, 2001.

*23.1    Consent of Ernst & Young LLP.

23.2 (1) Consent of Arthur Andersen.


_________________
*   Filed herewith.
(1) Previously filed, as of March 23, 2001, as an exhibit to the Company's

    Annual Report on Form 10-K.