Aluminium extrusion 2035 demand nears 44.22Mt: Industry experts decode next decade drivers
Global aluminium extrusion demand is entering a phase with consumption projected to rise from 35.25 million tonnes in 2025 to 35.93 million tonnes in 2026 and 44.22 million tonnes by 2035, representing a 2.29 per cent CAGR. While building and construction will remain the largest end-use sector and...
Alba reaches 50m hours without LTI, strengthening aluminium safety record
Aluminium Bahrain B.S.C. (Alba) has reached 50 million safe working hours without a Lost Time Injury (LTI) . The milestone was achieved on September 7, 2026, marking a record in the company’s history. The achievement reflects Alba’s continued focus on workplace safety across its aluminium...
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QAMCO reports a net profit of QR 288 million for H1 2021
On 5 th August 2021, Qatar Aluminum Manufacturing Company, a 50% joint venture partner in Qatar Aluminum Company (Qatalum), reported a net profit of QR 288 million for H1 2021, with earnings per share (EPS) of QR 0.052. Abdulrahman Ahmad Al-Shaibi, Chairman of the Board of Directors, QAMCO while...
US aluminium plates, sheets and bars imports from Oman fall 40% M-o-M in April 2021
According to the US Census Bureau data, the United States imported 6,220 tonnes of aluminium plates, sheets and bars from Oman in April 2021. That was a decrease of 4,220 tonnes or 40.42 per cent month-on-month, following a hike in March from 5,780 tonnes in February to 10,400 tonnes. On a...
EGA inks agreement with Gulf Extrusions for re-use of industrial by-product
On 1 st July 2021, Emirates Global Aluminium (EGA) inks agreement with Gulf Extrusions, a subsidiary of the Al Ghurair Group for the innovative re-use of an industrial by-product during the primary metal production process, replacing the use of fresh raw material, enhancing efficiency, and...
Alba achieves 665% higher profit YoY with highest-ever production of 773,887 tonnes during 2Q2021
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter outside China, has reported a year-on-year increase of 665 per cent in Profit to BD92.6 million (US$246.2 million) for the second quarter of 2021, in comparison with a Loss of BD16.4 million (US$43.6 million) during the same...
The top aluminium extrusion companies of Gulf region in 2020
The Gulf region is gradually trending towards aluminium production and the metal aluminium is driving to become the largest manufacturing sector outside Gulf’s traditional oil and gas business. The GCC countries are home to 6 aluminium smelters, which are counted as the biggest, most modern, and...
Morocco’s export of aluminium scrap during 2018-20 demonstrates steady growth; 5% downfall estimated for 2021
According to the projections by World Bank, Morocco’s gross domestic product (GDP) is expected to reach a growth of 4.6% in 2021. The institution made the assessment in its “World Economic Outlook” for the MENA region, saying that Morocco’s GDP growth will be due to “several factors, including...
Canyon Resources appoints Foster Stockbroking to manage $4 million raise for feasibility study
According to report on Thursday, July 29, bauxite miner Canyon Resources has appointed Foster Stockbroking to manage a $4 million raise for the company. The amount is for funding a feasibility study. As per the report, 8¢ per share or a 14 per cent discount to the last trading price has been...
EGA observes 40th anniversary of employee suggestion scheme
On 27th July 2021, Emirates Global Aluminium observed the 40th anniversary of its Suggestion Scheme, which motivates employees to share their ideas for operational and technological improvements. As of yesterday, EGA employees have made over half a million suggestions for improvements, delivering...
Alumina production in Africa & Asia (ex-China) records M-o-M fall of 6% to 1.063MT in June 2021
In Africa & Asia (ex-China), alumina production during June 2021 stood at 1.063 million tonnes, reflecting a month-on-month downfall of 6.26 per cent from 1.134 million tonnes. However, on a year-on-year basis, the output stood higher by 4.83 per cent from 1.014 million tonnes. Africa & Asia’s...
Egypt’s import-export of aluminium household articles during 2018-20 demonstrates mercurial movement
As per Reuters latest survey, Egypt's economy will grow 5.0% in the fiscal year that ends in June next year, which remains unchanged from analysts' expectations in a similar poll three months ago and slightly below the government's target of 5.4%. The northeast African nation, Egypt imported 8244...
Iraq’s import of aluminium foil during 2018-20 illustrates prompt growth with a gradual downfall; 18% upswing forecast for 2020
The Iraqi analysts who support their country stated that Poverty, unemployment, and a lack of local industry continue to plague Iraq's economy, and the resulting public unrest could be dangerous. Oil price volatility and COVID-19 have increased Iraq’s economic distress and deepened existing...
Car manufacturers need to boost up the standard in their aluminium supply chain, says Human Rights Watch and IDI
The global car manufacturing companies are required to do more to address the exploitation of human resources in their aluminium supply chains and the bauxite mines, including the destruction of farmland, damage to water sources and excessive greenhouse gas emissions that affect communities in...
The Gulf Aluminium Industry: A legacy of 5 successful decades, 6 aluminium smelters
In 1971, Aluminium Bahrain initiated its operations and produced the first aluminium ingot in the whole of the Gulf region, flagging the inception of a program of industrial diversification which was considered as bright and aspiring. At present, GCC countries are listed proudly to be the home to...
Primary aluminium production in Africa falls 4.41% to 130,000 tonnes in June 2021; Total output in H1 declines 2.86%
According to the International Aluminium Institute, primary aluminium production in Africa stood at 130,000 tonnes during June 2021. That was down by 6,000 tonnes or 4.41 per cent from 136,000 tonnes in May but same as the output in April 2021 and June 2020. Africa’s aluminium production in the...
Hulamin restarts functioning after unrest torment South Africa
The South African manufacturer of specialised rolled aluminium products, Hulamin, stationed in Pietermaritzburg, KwaZulu-Natal announced that it has restarted operations after unrest tormented the country. On 12 th July 2021, the world's ultra-high-end aluminium products maker suspended its...
Mubadala Investment eyes excess of $20 billion for EGA in IPO
The UAE based sovereign wealth fund Mubadala Investment Company is aiming at a value excess of $20 billion comprising debt for Emirates Global Aluminium PJSC as it moves closer to listing the business, according to an industry expert. The industry expert also added that Mubadala Investment has...
Cameroon’s aluminium producer ALUCAM suspends formerly declared 8% price rise
The Cameroonian aluminium producer ALUCAM on 13th July 2021 puts suspension on its declared around 8% price rise which was effective from 12th July 2021. The aluminium company did not come up with any clarifications; expect it stipulated that the cause of suspension remains in the hands of internal...
Saudi Arabia: Ma'aden inks calcined petroleum coke supply deal for Ras Al Khair aluminium smelter
On 13th July 2021, the Saudi Arabian Mining Co, Ma'aden inked a five-year deal to procure calcined petroleum coke from a Saudi company for its Ras Al Khair aluminium smelter. Ma'aden Aluminium smelter in Ras Al Khair will procure 100,000 tonnes a year of the calcined petroleum coke, which will be...
