Aluminium Metals Companies

Aluminium Metals Market

November 2023- Emirates Global Aluminium, the largest 'premium aluminum' producer in the world, on November 16th, announced the start of construction of the United Arab Emirates' largest aluminum recycling plant. The 170 thousand tonnes per year facility is being built next to EGA's existing smelter in Al Taweelah. The plant will process post-consumer aluminum scrap, such as used window frames, as well as pre-consumer aluminum scrap from extrusion production, into low-carbon, high-quality premium aluminum billets. The new facility will supply local and global markets with low-carbon metal under the product name RevivAL. Construction is expected to be completed within three years. Most of the aluminum scrap generated in the UAE is currently exported for processing outside the country and is lost to the national economy. Once the recycling plant is complete, EGA expects to become the largest consumer of aluminum scrap in the UAE. Market analysts expect global demand for recycled aluminum to grow from some 27 million tonnes per year in 2022 to 57 million tonnes in 2040. Recycled aluminum is expected to account for around 60 percent of the growth in global aluminum supply between now and 2030 and around 70 percent of supply growth between 2030 and 2040. Aluminium is infinitely recyclable. Recycling aluminum requires 95 percent less energy than making new metal and results in a fraction of the greenhouse gas emissions of primary aluminum production.

Major Aluminium Metals market players, including Alcoa Corporation, Rio Tinto, RUSAL, Norsk Hydro A.S.A., Dubai Aluminum Company Limited, Aluminum Bahrain B.S.C., Century Aluminum Company, Vedanta Ltd., China Aluminum Corporation, Sierra Aluminum, H.P., East Hope Group, Emirates Aluminum, and others, are attempting to increase market demand by funding R&D initiatives.