BNP Paribas

Aluminium Demand Slumps in Europe, Industrial Contracts Delayed

Aluminium Demand Slumps in Europe, Industrial Contracts Delayed

Industrial aluminium demand in Europe declines. For 2024, new contracts with smelters see delays as concerns of overbuying loom with the recent dip in demand for finished metal products. In Europe’s “mating season,” companies aim to seal supply agreements for aluminium, vital...


EGA Mulling Debt Refinance

UAE aluminium smelter Emirates Global Aluminium PJSC (EGA) is planning to refinance up to US$6.7 billion of its outstanding debt according to sources who spoke to industry media earlier this week. According to sources, the new deal will include refinancing some portion of the US$4.9-billion loan entered into by EGA in the spring of 2016 […]

Saudi’s Ma’aden Seeks to Refinance US$2.88 Billion for Expansion of Aluminium Complex

Saudi Arabian Mining Company (Ma’aden) is reportedly seeking to refinance US$2.88 billion in debt accrued by subsidiary Ma’aden Aluminium Company. The refinancing is intended to continue the expansion of the subsidiary’s integrated aluminium complex. According to Reuters, the state-owned mining company sent proposals to several banks last week, and has given them to the end […]