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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Africa’s primary aluminium production inches down by 5% YoY in February
Africa’s primary aluminium production came in at 121,000 tonnes in February 2021, indicating a drop of 4.72% from 127,000 tonnes in February 2020. On a month-on-month comparison, the output registered a decline of 9.02% from 133,000 tonnes, according to the latest data showed by the International...
World primary aluminium production sees M-o-M fall of 8.83% to 5.203MT in February 2021; Y-o-Y output grows 1.25%
In February 2021, world primary aluminium production plunged by 8.83 per cent month-on-month to stand at 5.203 million tonnes, bringing the total output in the first two months of the year to 10.930 million tonnes, found the International Aluminium Institute. In January 2021, world primary...
Oman’s export of Aluminium wire during 2018-20 stands unbalanced
Oman’s non-oil GDP will grow by 1.5% in 2021, as projected by the International Monetary Fund and could boost to 4% by 2026 if fiscal measures are successfully carried out. The sultanate introduced a Medium-Term Fiscal Adjustment Plan that focuses to enhance the non-oil revenue and various other...
Tajik aluminium producer TALCO to get insurance coverage for EDB loan from KazakhExport
On 18 th March 2021, Tajik Aluminum Company, TALCO, the Eurasian Development Bank (EDB) and export insurance company, KazakhExport signed an MoU for attracting financing for TALCO under KazakhExport insurance coverage in order for TALCO to procure products from Kazakhstan required for the...
Amid “Corona” crisis: EGA’s adjusted EBITDA records to $1.13 billion for 2020, a rise by 63% Y-o-Y
On 16 th March 2021, Emirates Global Aluminium, UAE’s one of the largest industrial company and the world’s largest ‘premium aluminium’ producer, reported adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (adjusted EBITDA) of $1.13 billion for 2020, a 63% increase over 2019....
EGA bags Dubai Chamber CSR Label Award for outstanding effort in corporate social responsibility
On 15 th March 2021, Emirates Global Aluminium (EGA), one of the global leading producers of aluminium was awarded by Dubai Chamber CSR Label for outstanding effort in corporate social responsibility. The Dubai Chamber CSR Label from the Dubai Chamber of Commerce & Industry intents to recognise...
Fight against unemployment-Ghana: In men dominated sector, Iddrisu Kande, a woman running Marouf Aluminum Fabrications
The West African nation Ghana, where women are still counted minority in the construction sector. Despite all the odds, Iddrisu Kande opted to venture into aluminium fabrication and her firm Marouf Aluminum Fabrications, participates in the fight against unemployment. In Ashaiman, a large town in...
Alba holds its 2021 Annual General Meeting; AGM approves Report of the Board of Directors for 2020
Aluminium Bahrain (Alba), the world’s largest aluminium smelter ex-China, held its first Annual General Meeting (AGM) through virtual platforms. The AGM approved the non-distribution of cash dividends to the shareholders and transfer BD9,755 Thousand - the Net Profit for the year-ended 31 December...
Morocco’s import of Aluminium wire during 2018-20 manifests rapid de-growth
The World Bank has forecasted 4% growth for the economy of Morocco, as reported by the Moroccan state media and also notified the country’s growth will be accredited to agriculture. The North African nation during 2018-19 has recorded 31,967 tonnes import of aluminium wire and the expenditure that...
Guinea ranks No.3 at African jurisdiction in mining policies for 2020, says Fraser Institute
The world’s largest bauxite exporting nation, Guinea has made an astonishing entry in the 2019 Fraser Institute ranking, crowing first in the world in terms of mining potential. Notwithstanding, the poor discernment of its mining policies obstructed the country from appearing in the top 10, in...
Zambia’s import of Aluminium wire during 2018-19 exhibits uniform; 2020 records robust growth
In 2019, Zambia’s real GDP growth decelerated to an estimated 2%, which was down from 4.0% in 2018. The economy was hit by drought in the south and west that lowered 2018/19 agricultural production and hydropower electricity generation considerably. Severe electricity rationing followed, and long...
1500kg aluminium cans collected on Silver Jubilee of EEG’s aluminium can recycling campaign
The 25th year of the Can Collection Day, organised by Emirates Environmental Group (EEG) on February 25, 2021, witnessed a total of 1,500kg aluminium can collection. Around 200 entities, including companies, hotels, academic institutions and families, participated in the event that helped reduce 23...
Africa’s primary aluminium production stands 2.21% lower YoY in January
Africa’s primary aluminium production stood at 133,000 tonnes in January 2021, a decrease of 1.48% from 135,000 tonnes in December 2020 but up 3.2% tonnes from 129,000 tonnes in November. The output marked a decline of 2.21% year-on-year, according to the latest data showed by the International...
Mozambique’s import of Alumina during 2018-19 remains flat, 2020 records drop
According to the IMF, the economy of Mozambique is forecasted to rise 4.7% in 2021, supported by the post-pandemic global economic recovery, reconstruction efforts, the recovery of the agricultural sector, the gradual easing of monetary conditions, and the clearance of supplier payment arrears. The...
Namibia’s import of Aluminium Foil during 2018-20 reflects rapid growth with a steady fall
Rowland Brown of Cirrus Capital, a local economist forecasts a 3.8% growth for the Namibian economy in 2021 after it experienced a contraction of 8.4% in 2020. “The contraction in 2020 will be the largest Namibia has recorded in her history, reflective not only of adverse external conditions but...
Iran’s aluminium ingot production sees a hike of 58% during December-January 2021; Output in total ten months grows 65%
Aluminium ingot production in Iran rose 65 per cent to 364,783 tonnes during the first ten months of the current Iranian calendar year (March 20, 2020 – January 19, 2021) compared to the same period of the previous year. In the tenth month of the year ending on January 19, 2021, aluminium ingot...
US aluminium semis imports from UAE grow 45.49% in Nov’20 after two back-to-back months of decline
The United States aluminium crude metal and alloys imports from the United Arab Emirates rose in November 2020 after two consecutive months of decline, found the US Geological Survey. Data shows the imports in November stood at 33,900 tonnes, up by 10,600 tonnes or 45.49 per cent month-on-month. In...
Qamco reports net profit of QR 95 million for 2020
The Qatari Public Shareholding Company, Qatar Aluminium Manufacturing Company (Qamco) has reported a net profit of QR 95 million. The aluminium company has proposed a dividend distribution of QR195.3mn, representing a payout ratio of 206% of 2020’s net earnings, equivalent to 3.5% cash dividend or...
