EGA Refinances US$5.5 Billion In Corporate Debt
Emirates Global Aluminium PJSC (EGA) completed a refinance of US$5.5 billion of its debt, reducing its debt load by US$1...
Asia
Marubeni Now Offering Low-Carbon Aluminium Ingot On Its Trading Platform
Japanese trading house Marubeni said last week it will soon begin offering low-carbon aluminium ingot to Japanese buyers in response to domestic buyers’ desire for more options that are produced with lower amounts of greenhouse gas emissions. Buyers in the transport, packaging,...
ASI Certifies EGA’s Jebel Ali Aluminium Smelter Under Its Performance Standards
Trade group Aluminium Stewardship Initiative announced this week that Emirates Global Aluminium PJSC’s (EGA) Jebel Ali aluminium smelter has been...
ASI Certifies Ma’aden Aluminium Facilities Against Performance and Chain Of Custody Standards
Trade group Aluminium Stewardship Initiative certified the bauxite mining, alumina refining, and aluminium casting and rolling operations of Ma’aden Aluminium...
Events
Vedanta Aluminium Purchases Massive Block Of Renewable Energy From Indian Energy Exchange
India’s larges aluminium producer Vedanta Aluminium Business became the country’s biggest purchaser of renewable energy for the first quarter of FY 21-22 on the Indian Energy Exchange Limited (IEX) this week after it bought 354 million units of solar and non-solar renewable energy from the Green Term-Ahead Market (GTAM). The Vedanta Limited subsidiary is utilizing […]
EGA To Reuse Spent Caustic Soda From Compatriot Firm Gulf Extrusions
Emirates Global Aluminium PJSC (EGA) announced this week an agreement with Al Ghurair Group subsidiary Gulf Extrusions to ship its industrial waste to EGA for re-use in place of fresh raw materials. Per the agreement, Gulf Extrusions will ship about 450 metric tons per month of spent caustic soda from its extrusion plants in Abu […]
Alba Sets Financial Highs In Q2 Across The Board
Aluminium Bahrain B.S.C. (Alba) reported results for the second quarter and first half of 2021 yesterday, showing improvements over last year across the board. In the year’s first half, Alba reported a Total Comprehensive Income of BD90.6 million (US$241.1 million), reversing a loss from last year, up by 598 percent. Gross Profit for the quarter […]
EGA’s Suggestion Scheme Saves AED416 MM In Forty Years
Emirates Global Aluminium PJSC (EGA) marked the 40th anniversary of its Suggestion Scheme last week. Over the previous four decades the Suggestion Scheme has received over half a million suggestions from EGA employees and has saved the company roughly AED416 million (US$113 million). The EGA Suggestion Scheme was first launched in 1981 by then-Head of […]
Vedanta Smelts Record Of 549k Tonnes Of Primary Aluminium In Latest Quarter
Indian aluminium and metals producer Vedanta Limited released results for the quarter ending on 30 June this week. The subsidiary of Vedanta Resources reported production and financial improvements across the board over the same time period in 2020. For the first fiscal quarter Vedanta reported a record consolidated revenue of ₹28,105 crore, better by 79 […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
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 ...
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 ...
