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EGA signs alumina supply agreement with Alcoa

EGA operates smelters in Abu Dhabi and Dubai, an alumina refinery in Abu Dhabi, and a bauxite mine in Guinea

UAE-based Emirates Global Aluminium (EGA) has signed a long-term agreement with New York Stock Exchange-listed aluminium producer Alcoa Corp for smelter-grade alumina.

The eight-year agreement, which commences in 2024, will allow EGA to procure as much as 15.6 million tonnes of alumina from Western Australia, the companies said in a joint statement.

“Most of our alumina needs into the next decade are now secured by our own production and a long-term supplier in Alcoa,” EGA’s chief executive Abdulnasser Bin Kalban said in the statement.

The agreement will make Alcoa EGA’s largest third-party supplier of alumina, the statement said.

“The agreement is the largest alumina supply contract ever signed between Alcoa and EGA,” said Alcoa president and CEO Roy Harvey.

EGA operates smelters in Abu Dhabi and Dubai, an alumina refinery in Abu Dhabi and a bauxite mine in Guinea. Its alumina refinery met 47 percent of EGA’s total alumina needs in 2022.

Aluminium prices hit their lowest since October 31 last week on concerns about demand from top consumer, China.

In April, Emirates Global joined Australian cooperative research centre HILT CRC to progress research into the decarbonisation of alumina refining.

The company is committed to reaching net zero by 2050 in line with the UAE’s net zero by 2050 strategic initiative and has a roadmap to decarbonise all its operations.