Aluminium prices settled 0.35 per cent higher at INR 345.6 (USD 3.64), backed by declining exchange inventories, expectations of additional fiscal measures in China and concerns over constrained supply from the Middle East. However, improving production prospects in the region limited further...
Oklahoma Primary Aluminum has outlined the environmental controls planned for its proposed aluminium smelter at the Tulsa Port of Inola, a project that could add up to 750,000 tonnes of annual primary aluminium capacity in the United States. The proposed facility is expected to create at least...
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This week, the global primary aluminium sector recorded a lot of positive events. To begin with, New Zealand Aluminium Smelters Limited (NZAS), which owns the Tiwai Point Aluminium Smelter, is now focused on guaranteeing the future beyond its 2024 closure date. On the market forefront, this week,...
On May 13, Emirates Global Aluminium (EGA) announced that they have successfully started their DX+ Ultra reduction cell technology with a modified liner at 500kA, the first time this amperage has reached the Middle East. When compared to the existing maximum working amperage in EGA, increasing the...
The global aluminium value chain is still going through rough patches, which the industry thought dissimilar at the beginning of the year. The year 2022 started with a positive note that the worldwide manufacturing sector is rebounding from the dent of the Covid pandemic. Although the shortage of...
According to a recent report, Emirates Global Aluminium, the largest industrial company outside oil and gas in the UAE, has agreed to a revolving credit facility tied to the Term Secured Overnight Funding Rate (SOFR).It will provide EGA an access to $137.5 million, with a term extended by 12...
According to a recent report, Emirates Global Aluminium has agreed on supplying CelestiAL solar aluminium to Mercedes-Benz parts maker Hammerer Aluminium Industries (HAI). The news came after the former, the world’s biggest premium aluminium producer, entered into a formal agreement with Hammerer....
Amid the projection of global aluminium demand growth by almost 40 per cent to 119.5 million tonnes at the end of 2030, Emirates Global Aluminium (EGA), which currently forms the biggest part of Dubal Holding's portfolio, is mulling to expand the midstream and downstream aluminium industry, such as...
The primary aluminium sector has witnessed a mixed yet significant response this week both in terms of prices and other activities. If on one hand, Hindalco’s aluminium ingot price had escalated by INR 3,250 per tonne after 4 successive downfalls, LME aluminium benchmark price had stayed on the...
Emirates Global Aluminium (EGA), the UAE’s biggest industrial company outside oil and gas, and Ma’aden, a Saudi state-owned mining company, have reportedly agreed to extend their collaboration on greener aluminium smelting technology, in a bid to achieve more sustainable production. The news came...
Abdulnasser Ibrahim Saif Bin Kalban is Chief Executive Officer of Emirates Global Aluminium (EGA). Before he was appointed CEO in 2020, Mr Bin Kalban had served as an Alternate Board Member of EGA since May 2017. He is a member of EGA’s Technical and Project Committee and its Finance and Commercial...
The largest aluminium producer in the GCC region, Emirates Global Aluminium (EGA) has inked a memorandum of understanding (MoU) with PT Inalum (Persero), the largest primary aluminium producer in Indonesia, concerning a strategic alliance to upgrade Inalum's aluminium by 400,000 tonnes per year....
On 31 st March 2022, the first aluminium smelter in the Middle East region which commenced its commercial operations in 1971, Aluminium Bahrain B.S.C. (Alba), has signed a Memorandum of Understanding (MoU) with Emirates Global Aluminium (EGA), the leader in global aluminium production, as well as...
According to a report on Friday, March 11, four major players in the Middle East from the aluminium and energy sector announced a joint initiative that would unlock significant development of solar power generation capacity in Abu Dhabi, progress power asset and generation optimisation, and...
Supply disruptions, high logistical costs driven by Russia-Ukraine conflict and several international sanctions on Russia were some of the concerns in the global primary aluminium market, resulting in rallied metal prices. Starting the week on February 28 at US$3,450 per tonne, LME aluminium...
The largest primary aluminium in the GCC region and the biggest non-oil industrial entity of UAE, Emirates Global Aluminium (EGA) booked a record whopping 1,140% rise in net profits for 2021 to $1.5 billion. The company earning depicts a bulls-eye of sharp turn following the disruptions rooted in...
On 10 th February 2022, Emirates Global Aluminium (EGA) made public that it will commence construction of a pilot plant where bauxite residue, a waste material from alumina refining would be transformed into soil products that can be utilized for greening and other eco-friendly purposes in the UAE....
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, announced its plan to build an aluminium recycling facility with 150,000 tonnes per year of capacity, the company’s first and the largest in the UAE. EGA has already started conducting...
Some of the key highlights in the global primary aluminium industry this week include Emirates Global Aluminium pays off in full $361 million, which the Mubadala backed company has raised as project finance from 13 banks and export credit agencies, Alro remains in dismay and alert that around 1300...
The leader in global aluminium production, Emirates Global Aluminium has paid off in full $361 million, which the Mubadala backed company had raised as project finance from 13 banks and export credit agencies. However, these funds were utilized significantly towards the expansion of its Al Taweelah...
