EGA expands recycling footprint with Eco Green stake
Emirates Global Aluminium plans to acquire an 80% stake in Italian aluminum recycling company Eco Green.The deal marks the latest expansion for EGA.
Emirates Global Aluminium plans to acquire an 80% stake in Italian aluminum recycling company Eco Green.The deal marks the latest expansion for EGA.
Under the deal, Constellium will supply Airbus with a wide range of extrusions manufactured using advanced aluminum alloys, and Constellium’s aluminum-lithium product, Airware.
Two of the three planned cold mills are ramping operations and producing prime products. A third cold mill is scheduled to commission in Q3’26.
The Iran war has curtailed a market already tight due to curtailments in Mozambique and disruptions in Iceland. Alcoa is increasing production at some facilities.
This project, which the Chicago-based producer expects to reach full production by the end of June, aims to increase total US primary aluminum production by 10%.
The construction market is seeing activity from data centers and the energy infrastructure to support them. But other factors are dragging the sector down: The Iran war is spiking inflation; tariffs are driving up material costs; and immigration crackdowns are hurting labor.
We expect markets to open on the back foot as we head into the new week. And we would not be surprised to see a good portion of Friday's losses in oil recouped once trading in Asia gets underway.
Mumford Metal Casting has been acquired, with a closer look at the structure and operating profile of its Midwest die casting assets.
Contract negotiations between Alcoa and a United Steelworkers local in New York State are still on pause as the two sides work on economic proposals.
The CRU World Aluminium Summit will bring many of the leading voices together from around the world to share expert insights into the forces driving the industry.