Eyes on Iran
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.
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.
Part 1 of a three-part series examines how EGA and Alba's high-purity ingot, billet and foundry alloys intersect with US demand.
There’s a lot of news to keep track of, so we’re lending a hand with highlights from the past month and what they mean for you.
The aluminum industry is bracing for significant supply-chain repercussions after Iranian strikes hit two major Gulf smelters – Emirates Global Aluminium’s (EGA) Al Taweelah complex in the UAE and Aluminium Bahrain (Alba) – on March 28.
Aluminum producer Alcoa is getting more interest from customers as states in the Persian Gulf region curtail production amid the Iran war.
ALBA joins Qatar’s 40% curtailment of 260,000 tons, bringing cumulative curtailments to 560,000 tons.
Chinese firm GCL is exploring a 3 milllion-ton-per-year aluminum smelter in Nigeria, but historical failures and questionable capex estimates raise doubts.
The Oklahoma aluminum smelter project backed by Emirates Global Aluminium and Century Aluminum appears to be advancing toward a power deal, though elevated electricity costs and high Midwest premiums continue to complicate the economics.
Alcoa Corp. plans sell 10 of its closed or curtailed sites to one of the aluminum industry's biggest competitors for electricity: the data center industry.
Century Aluminum and Emirates Global Aluminium signed a downstream agreement with U.S. Aluminum Company tied to the planned Oklahoma smelter.