#aluminium

EGA to acquire US recycled aluminium firm Spectro Alloys

UAE’s EGA to acquire US recycled aluminium firm Spectro Alloys

EGA plans to acquire 80 per cent of Spectro Alloys with the current owners retaining a 20 per cent stake

mining Ma'aden

Saudi mining firm Ma’aden’s profits surge 160% in first half of 2024

Rise in aluminium and gold sales volume boost Saudi mining giant’s earnings

KEZAD Group signs lease deal with Ducab

AD Ports Group’s KEZAD, Ducab sign lease agreement

The 50-year lease agreement will see Ducab Metals Business adding 51,015 square metres to its existing 50,000 sqm facility

EGA to acquire recycled aluminium producer Leichtmetall

UAE’s EGA to acquire German recycled aluminium firm Leichtmetall

The deal, which is the aluminium producer’s first major acquisition since its formation in 2014, is expected to close during the first half of 2024

EGA expects demand to drive aluminium prices

Top Middle East aluminium maker sees prices rising with demand

The company expects its full-year sales volume to be in line with 2022 even as prices have declined over the last 12 months

EGA full year net profit

UAE’s EGA posts $2bn in full-year net profit on higher prices

The company paid its shareholders a total of Dhs3.7bn consisting of an interim dividend of Dhs2.2bn in July and a further D1.5bn at the end of 2022

Mubadala seeks over $20bn value for EGA in IPO

EGA is the Middle East’s biggest aluminium producer and is equally owned by Mubadala and Investment Corporation of Dubai

Dubai Holding OSE Industries Aluminium

Dubal Holding acquires 60% stake in OSE Industries

The aluminium extrusion company is located in Dubai Industrial City

Mohammed bin Rashid Al Maktoum Solar Park

UAE becomes world’s first country to produce aluminium using solar power

This solar-powered aluminium will be supplied to global customers under the new product name of CelestiAL

Top 10 Largest Aluminium Smelters In The World

Two from the UAE and one from Bahrain feature on the list of the world’s largest smelters by capacity.