Aluminium Bahrian Closes Financial Books On Power Station 5 Block 4 Project
Aluminium Bahrain B.S.C. (Alba) announced this week that it has reached the financial close for the Power Station 5 Block...
BNP Paribas
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 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...
EGA Inks US$6.5 Billion Debt Refinancing Loan
Emirates Global Aluminium PJSC (EGA) announced yesterday the successful completion of a US$6.5-billion term loan facility backed by a contingent...
Events
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 […]
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 ...
