Indian Court Halts Odisha’s Auction Of Karlapat Bauxite Ore Tract
The government of the Indian state of Odisha has suspended the auction of the Karlapat bauxite and iron ore block...
Asia
Emirates Global Aluminium Inaugurates New High-Efficiency Gas Turbine At Jebel Ali
Emirates Global Aluminium PJSC (EGA), Mubadala Investment Company, and Dubal Holding completed a new power plant at Jebel Ali that it says is its most efficient power generation system to date. The firm marked the opening of the new power plant with...
Indian Government To Review Antidumping Duties On Aluminium Foil From China
The Indian government began a sunset review of the antidumping duties on 5.5 Micron to 80 Micron aluminium foil originating...
Indian Government Approves ₹2.67 Billion In New Bauxite Mining Projects For Chhattisgarh
Earlier this week the Indian government approved of ₹2.67 billion (US$36.3 million) in new bauxite ore mining projects for the...
Events
EGA Chooses Banks For Coming IPO: Sources
Sources claiming knowledge of the situation say Emirates Global Aluminium PJSC (EGA) is on the verge of selecting the three banks it intends to use to launch its initial public offering (IPO) later this year. Unnamed sources told Bloomberg last week that EGA’s owner Mubadala Investment Co. will name Citigroup Inc., Goldman Sachs Group Inc., […]
Hongqiao “Progressing Smoothly” At Alumina Refinery Construction In Indonesia
Chinese aluminium behemoth China Hongqiao Group is poised to begin the second phase of construction at its alumina plant in Indonesia according to an adviser to the firm. Hongqiao’s project is hitting full swing just as prices for the aluminium precursor hit highs not seen in many months. Production at Hongqiao’s Well Harvest Winning alumina […]
EGA’s Al Taweelah Refines Record 1.09 MMT Of Alumina In 2021’s First Half
Emirates Global Aluminium PJSC (EGA) turned in results for the first half of 2021 this week. The firm showed a strong rebound from last year’s pandemic-related challenges. In the year’s first half EGA turned a net profit of US$473 million, up from last year’s second-half total of US$178 million and reversing the first-half loss of […]
Alba Opens Jetty Extension At Port Facilities
Aluminium Bahrain B.S.C. (Alba) commissioned the new marine jetty extension at the firm’s port facilities this week. The new jetty will allow ships of a much larger size to be used for importing alumina. The new jetty extension is part of a larger project to increase production at Reduction Line 6, which will double Alba’s […]
Sources Say Emirates Global Aluminium Pondering IPO
Sources say Emirates Global Aluminium PJSC (EGA) is weighing a possible initial public offering (IPO) in 2022 after the firm refinanced a significant chunk of its debt this week. Wire service Reuters is reporting that a trio of sources claiming knowledge revealed to them that the UAE’s aluminium smelter is considering offering between ten and […]
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
