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EGA commences early expansion of Al Taweelah aluminium smelter’s second phase
13 JUL 20213MINS

EGA commences early expansion of Al Taweelah aluminium smelter’s second phase

On 13 th July 2021, Emirates Global Aluminium announced the commencement of the second phase of its expansion to Al Taweelah smelter in Abu Dhabi. The aluminium smelter expansion casts up 26 new reduction cells to Potline 2, boosting production capacity by over 30,000 tonnes of hot metal per year....

UAE’s exports of crude metal and alloys to US down 20% in April
12 JUL 20211MINS

UAE’s exports of crude metal and alloys to US down 20% in April

The United Arab Emirates exports of crude metals and alloys to the US stood at 30,900 tonnes in April 2021, a decrease of 20% or 7,500 tonnes year-on-year, from 38,400 tonnes exported April 2020, according to the latest Mineral Industry Survey report from the US Geological Survey. On a month on...

Alba secures SafeGuard Hygiene Excellence and Safety Label from Bureau Veritas
12 JUL 20212MINS

Alba secures SafeGuard Hygiene Excellence and Safety Label from Bureau Veritas

Aluminium Bahrain B.S.C. (Alba) secures the SafeGuard Hygiene Excellence and Safety Label from Bureau Veritas for its diligent efforts towards assuring the Health and Safety of its employees and contractors’ workers amidst the COVID-19 pandemic. This recognition was delivered to Alba following a...

Mauritius import of aluminium foil during 2019-20 exhibits gradual rise; 4.50% growth forecasted for 2021
12 JUL 20211MINS

Mauritius import of aluminium foil during 2019-20 exhibits gradual rise; 4.50% growth forecasted for 2021

As per the report published by Care Ratings Africa, the economy of Mauritius pursued to plunge for the fifth successive quarter recording a GDP de-growth of 8.7% compared with - 2.9% in Q1 2020. Notwithstanding, there has been a sequential development from the double-digit de-growth of 11.3% in the...

Zambia’s import of aluminium stranded wires during 2018-20 manifests robust growth; 11% drop predicted for 2021
09 JUL 20211MINS

Zambia’s import of aluminium stranded wires during 2018-20 manifests robust growth; 11% drop predicted for 2021

The Zambian economy drove towards a deep recession due to the unfavourable impact of the COVID–19 pandemic. In 2020, the real GDP plunged by an estimated 4.9%, following the 4.0% growth in 2018 and 1.9% in 2019. The landlocked southern African nation, Zambia, during 2018-20 recorded 6139 tonnes of...

Azerbaijan’s import of aluminium foil during 2018-20 illustrates sharp growth to marginal dip
06 JUL 20212MINS

Azerbaijan’s import of aluminium foil during 2018-20 illustrates sharp growth to marginal dip

As per the World Economic Outlook report presented by the International Monetary Fund in April, it stated that Azerbaijan’s economy is forecasted to grow at 2.3% in 2021. Meanwhile, the national economy is expected to grow at 1.7% in 2022. The forecast for the current year is improved by 0.3%...

Primary Aluminium Weekly Recap: NALCO reports a nine-fold leap in profit at INR 935.74 crore; Russia to impose export tax on aluminium
03 JUL 20214MINS

Primary Aluminium Weekly Recap: NALCO reports a nine-fold leap in profit at INR 935.74 crore; Russia to impose export tax on aluminium

According to a report from the International Aluminium Institute this week, primary aluminium production in Africa grew 4.62 per cent month-on-month in May to stand at 136,000 tonnes. On a year-on-year calculation, the output stood 3,000 tonnes lower than 139,000 tonnes. In the first five months of...

Oman’s import of aluminium foil during 2019-20 demonstrates sharp downfall; 140% growth predicted for 2021
02 JUL 20212MINS

Oman’s import of aluminium foil during 2019-20 demonstrates sharp downfall; 140% growth predicted for 2021

The Covid-19 pandemic has developed a deadly impact. It created an economic slowdown in Oman, compounded by the whimsy of the international oil market, resulting in a series of youth protests in the country. More than hundreds of unemployed Omani youth, protesting mass layoffs, took to the streets...

Nigerian pride in aluminium profiles ‘ALEX’ declares resignation of 3 directors from its board
29 JUN 20211MINS

Nigerian pride in aluminium profiles ‘ALEX’ declares resignation of 3 directors from its board

The Board of Directors of Aluminium Extrusion Industries Plc (ALEX), the Nigerian pride in aluminium profiles has announced the resignation of three Non-Executive Directors from its Board. Aluminium Extrusion Industries Plc is a leading manufacturing company in Nigeria producing and marketing...

World alumina production grows 3.9% M-o-M & 8.6% Y-o-Y to 12.166 million tonnes in May 2021
29 JUN 20212MINS

World alumina production grows 3.9% M-o-M & 8.6% Y-o-Y to 12.166 million tonnes in May 2021

According to the International Aluminium Institute, world alumina production in May 2021 stood at 12.166 million tonnes. That was up by 3.86 per cent from 11.714 million tonnes in April 2021. However, the output in April was down by 1.82 per cent from 11.931 million tonnes in the previous month. On...

Primary aluminium production in Africa falls 4.62% M-o-M to 136,000 tonnes in May 2021
28 JUN 20211MINS

Primary aluminium production in Africa falls 4.62% M-o-M to 136,000 tonnes in May 2021

Primary aluminium production in Africa stood at 136,000 tonnes in May 2021, reflecting an increase of 4.62 per cent month-on-month, found the International Aluminium Institute’s latest data. In April, primary aluminium output in Africa was 130,000 tonnes – only 1,000 tonnes less than 131,000 tonnes...

Qatar’s export of aluminium scrap during 2018-20 demonstrates ‘V’ shaped development
28 JUN 20211MINS

Qatar’s export of aluminium scrap during 2018-20 demonstrates ‘V’ shaped development

The economy of Qatar will regain its positive growth of 2.9% in 2021, as the economy benefits from a recovery in Chinese and global LNG demand, as well as the rapprochement with the former boycotting quartet Saudi Arabia, the UAE, Bahrain and Egypt. The peninsular Arab nation’s export of aluminium...

Mubadala Investment Company acquires 2.6% stake in low-carbon aluminium producer En+
24 JUN 20212MINS

Mubadala Investment Company acquires 2.6% stake in low-carbon aluminium producer En+

The UAE’s sovereign investor Mubadala Investment Company said it acquired a fresh 2.6% stake in Russian aluminium giant and leading low-carbon aluminium producer En+. Mubadala's total ownership in En+, following the deal now stands at 2.86%, which the investment firm stated on 23rd June 2021....

EGA in talks with banks  to refinance $6 billion loan it secured in 2019
23 JUN 20212MINS

EGA in talks with banks to refinance $6 billion loan it secured in 2019

The world’s largest premium aluminium producer, Emirates Global Aluminium is in discussion with banks to refinance and transpose the terms of a loan of about $6 billion it secured in 2019, as reported on 23rd June 2021 by close references on this matter. The references stated that the UAE based...

World primary aluminium production rebounds from the loss to 5.744 million tonnes in May 2021: IAI
22 JUN 20212MINS

World primary aluminium production rebounds from the loss to 5.744 million tonnes in May 2021: IAI

According to the International Aluminium Institute data, world primary aluminium production in May 2021 rebounded at 5.744 million tonnes, reflecting an increase of 3.63 per cent from 5.543 million tonnes in April. On a year-on-year calculation, world primary aluminium production in May edged 5.78...

Saudi Arabia’s export of alumina during 2018-20 remains volatile; 262% growth estimated for 2021
21 JUN 20212MINS

Saudi Arabia’s export of alumina during 2018-20 remains volatile; 262% growth estimated for 2021

The Saudi Arabian Mining Company (Ma’aden) alumina refinery production is fed into Ma'aden’s Smelter. The Smelter’s annual production capacity is 780,000 tonnes per year of primary aluminium. The technology used in Ma’aden’s Smelter is AP Technology. The alumina refinery feedstock comes from large...

Downstream Weekly Recap: Russian Ambassador’s visit to Klil seen as new collaborations opportunity in aluminium sector; Aluminium billet inventories built-up 14%
20 JUN 20213MINS

Downstream Weekly Recap: Russian Ambassador’s visit to Klil seen as new collaborations opportunity in aluminium sector; Aluminium billet inventories built-up 14%

From Russian Ambassador’s visit to Klil in Israel to the fair possibility of trade dispute resolve between the EU & US concerning aluminium tariffs, the global downstream aluminium market has witnessed a plethora of events this week from June 14 to June 18. Russian ambassador Anatoly Viktorov...

Unregulated importation of aluminium profiles in Nigeria, killing the local production: Joneay Lei, Rongtai Aluminium
19 JUN 20213MINS

Unregulated importation of aluminium profiles in Nigeria, killing the local production: Joneay Lei, Rongtai Aluminium

The aluminium producers of the largest economy of Africa, Nigeria and also projected to rank among the world's top ten economies by 2050 are calling out over unregulated importation of aluminium profiles into the country, expressing grief that the method is killing the local production. Joneay Lei,...