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.
LME and Midwest premiums are rising, and a conflict in Iran is just one of several challenges the market is facing.
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.
A fragile two-week ceasefire has been struck been struck between the US and Iran. But much damage has already been done in the six weeks since strikes began.
Alterations to Section 232 tariffs on aluminum could make things easier on the administrative side by replacing the confusing content-based valuation system with a full-value assessment.