Maaden
MP Materials’ rare earth refinery deal with Saudi sends US miner’s shares up 8.6%
On Wednesday, November 19, the US miner MP Materials experienced a sharp rise of 8.61 per cent in its stock movement to US$63.55 following a new rare earth refinery deal signed with the US Department of Defence and the Saudi Arabian Mining Company, Maaden. The signing of the deal stemmed from the initial binding agreement between MP and Maaden to form a joint venture back in May, wherein MP agreed to hold 49 per cent of the shares in the JV, leaving the remaining 51 per cent for Maaden. The deal is also in line with a strategic cooperation framework between the United States and Saudi Arabia, signed this week in Washington, D.C., aimed at securing critical mineral supply chains. Saudi Crown Prince Mohammed bin Salman has pledged to invest USD 1 trillion in the US, signalling stronger...
Al Baitha Bauxite Mine moves towards sustainability with 8 MW Solar project
Maaden Bauxite and Alumina Company (MBAC), a subsidiary of Maaden, one of the world's fastest-growing mining companies, has entered into a Power Purchase Agreement (PPA) with Emerge. Emerge is a joint venture between Masdar, a global leader in clean energy, and EDF Power Solutions, renowned for low-carbon, innovative solutions. Al Baitha Bauxite Mine moves towards sustainability Through this agreement, Emerge will spearhead the development of a solar power project designed to provide clean, renewable energy to the Al Baitha Bauxite Mine over the next 30 years. This initiative not only supports Saudi Arabia's energy transition but also contributes to the Vision 2030 objectives by reducing carbon emissions and fostering sustainable industrial growth. Ali Al-Qahtani , Executive...
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15th International Bauxite, Alumina & Aluminium Conference & Exhibition - IBAAS–VFMSTA 2026
ALUMINIUM Arabia 2026
ICSOBA 2026 - 44th International Conference and Exhibition
15th International Bauxite, Alumina & Aluminium Conference & Exhibition - IBAAS–VFMSTA 2026
ALUMINIUM Arabia 2026
ICSOBA 2026 - 44th International Conference and Exhibition
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A report that reveals where the aluminium casting industry is heading and how businesses can act.
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A report that reveals where the aluminium casting industry is heading and how businesses can act.
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Ma’aden takes over Ma’aden: acquires bauxite, alumina & aluminium stakes from Alcoa
On July 1, 2025, Ma'aden, Saudi Arabian Mining Company, finalised its acquisition of almost 25.1 per cent stakes in MBAC (Ma'aden Bauxite and Alumina Company) and MAC (Ma'aden Aluminum Company), two critical pieces of Saudi Arabia's aluminum value chain. Previously, Alcoa held a 25.1 per cent ownership stake in the company, whereas Ma’aden held a stake of about 74.9 percent. Image Source: Asharq Al Awsat The general assembly meeting of Ma'aden approved the increase in capital and the issue of new shares to help the full ownership of the company. In this new decision made by Ma’aden, Alcoa Saudi would be receiving a 1.74 per cent stake in Ma'aden's share capital, whereas AWA Saudi would be receiving a 0.47 per cent stake. Ma’aden has decided to purchase Alcoa’s 25.1 per cent stakes in MBAC...
Alcoa closes sale of 25.1% ownership in Ma’aden joint venture for USD 1.35 billion
Alcoa Corporation has announced the successful closing of its sale of a 25.1 per cent ownership interest in the Ma’aden Joint Venture to the Saudi Arabian Mining Company (Ma’aden), by a binding share purchase and subscription agreement. Through this transaction, Alcoa has received proceeds of approximately 86 million Ma’aden shares, valued at around USD 1.2 billion, along with USD 150 million in cash, which will be used primarily to cover related taxes and transaction expenses. Alcoa expects to record a gain of roughly USD 780 million in other income in the third quarter of 2025, and consistent with its practice for non-core asset sales, will reflect this as a special item. As stipulated by the agreement, Alcoa is required to retain its Ma’aden shares for a minimum of three years. It will...
Ma'aden nears complete control of Saudi aluminium operations
Saudi Arabian mining company Ma'aden is close to achieving total control of its integrated aluminium business after getting critical regulatory consent to buy Alcoa's 25.1 per cent stakes in two significant joint ventures. The Capital Market Authority (CMA) approved the offer by Ma'aden to buy Alcoa's shareholding in both Ma'aden Aluminium Company (MAC) and Ma'aden Bauxite and Alumina Company (MBAC) on June 2. This move is a stepping stone towards Ma'aden’s long-term plan for full ownership and full operating and managing control of both the bauxite and alumina business and the downstream aluminium smelter. The transaction, as previously reported, is valued at USD1.1 billion and represents Ma'aden strategic intent for its aluminium operation and pursuit of increasing domestic industrial...
ALUMINIUM Arabia to mark its debut in Riyadh, showcasing the region’s booming metal market
RX, the global powerhouse behind world-class events and the renowned ALUMINIUM exhibition in Düsseldorf, has unveiled an exciting new chapter for the aluminium industry, ALUMINIUM Arabia. Set to make its grand debut at The Arena Riyadh from 27 to 29 April 2026, this landmark event will spotlight the rapid rise of Saudi Arabia's aluminium sector. Recent research reveals that Saudi Arabia's aluminium market is on track to surpass US$3.6 billion by 2034, driven by a robust compound annual growth rate (CAGR) of 4.4 per cent starting in 2025. Forward-looking government policies power this impressive growth focused on localisation, industrial innovation, and major infrastructure development, all of which are propelling the kingdom to the forefront of the global metals and manufacturing arena....
Ma’aden reports no tariff-related disruptions in Q1, with strong gains in revenue and production
A Saudi state-owned mining company, Ma’aden, also known as Saudi Arabian Mining Co., has reported a strong operational performance for the first quarter of 2024, with a year-on-year increase in alumina, primary aluminium, and flat-rolled (FRP) production. Among all the products mentioned above, flat-rolled production recorded the highest increase of 48 per cent, followed by alumina 9 per cent, and primary aluminium 1 per cent. As per the figures revealed by the company, aluminium flat-rolled production totalled 72,000 tonnes in Q1 2025, compared to 57,000 tonnes in Q1 2024, while alumina and primary aluminium output amounted to 478,000 tonnes and 249,000 tonnes, respectively. Flat-rolled product sales volumes also surged 26 per cent Y-o-Y, boosting Ma’aden’s financial outcome, with...
Technology and sustainability – the twin pillars of progress for the Middle East aluminium industry
The Middle East is now a name that we closely associate with low-carbon aluminium production, cutting-edge smelting technology, digital innovations, and sustainability initiatives. The region has evolved from an oil-dependent economy to a burgeoning hub for aluminium manufacturing, supported by abundant energy resources and sustainable production practices. While leading companies like Emirates Global Aluminium (EGA), Aluminium Bahrain (Alba), and Ma’aden Aluminium are steering the growth, numerous organisations from outside the region are playing a key role in advancing the industry. Such is the company INNOVAL Technology, which is helping to propel the expansion of the aluminium sector in the Middle East through its essential services. From knowledge sharing to materials design &...
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