News

Sources Say Emirates Global Aluminium Pondering IPO

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...

Events

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, and construction sectors have been particularly interested in low-carbon aluminium products, ahead of […]

Bechtel Concludes Feasibility Study Of Expansion To Egyptalum’s Nag Hammadi Aluminium Smelter

US construction company International Bechtel Co. Ltd. (Bechtel) completed a feasibility study regarding expansion to Egypt Aluminium Company’s (Egyptalum) smelter. Egyptalum is contemplating expanding the aluminium smelter’s production capacity to 250 thousand metric tons per annum. Nag Hammadi aluminium smelter currently boasts a nameplate capacity of 300 thousand metric tons per annum, making it one […]

LME To Return To Ring Trading Next Month, But With Changes

The majority of London Metal Exchange (LME) members expect to go back to the trading floor upon reopening next month, but some say the volume may be smaller due to the new hybrid system to be put in place. The LME’s trading floor was closed for the first time since the Second World War last […]

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 billion. EGA’s refinance of the 2019 note is a senior unsecured note and extends the repayment date by two and a half years. The new note also features terms that materially reduces the cost of […]