Dubal eyeing Guinea, Cameroon and India for development
Dubai Aluminum Co (Dubal) hopes to increase production by having its subsidiary Emirates Aluminum Co partner with Abu Dhabi investment firm Mubadala Development Co on a bauxite mine in Guinea, along with importing raw materials from Cameroon and India. They hope to diversify their holdings as oil and gas prices fluctuate.
Dubal is the largest producer of aluminum in the world, producing 1.7 million metric tons this year with Emirates Aluminum. Emirates hopes to double production to 1.5 million metric tons alone when the new ventures in Guinea, India, and Cameroon come to fruition. Demand for metals is rising, but so are costs, so companies are looking to increase production to keep themselves profitable.
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Dubai Aluminum Co (Dubal) hopes to increase production by having its subsidiary Emirates Aluminum Co partner with Abu Dhabi investment firm Mubadala Development Co on a bauxite mine in Guinea, along with importing raw materials from Cameroon and India. They hope to diversify their holdings as oil and gas prices fluctuate. Dubal is the largest producer of aluminum in the world, producing 1.7 million metric tons this year with Emirates Aluminum. Emirates hopes to double production to 1.5 million metric tons alone when the new ventures in Guinea, India, and Cameroon come to fruition. Demand for metals is rising, but...
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Dubai Aluminum Co (Dubal) hopes to increase production by having its subsidiary Emirates Aluminum Co partner with Abu Dhabi investment firm Mubadala Development Co on a bauxite mine in Guinea, along with importing raw materials from Cameroon and India. They hope to diversify their holdings as oil and gas prices fluctuate.
Dubal is the largest producer of aluminum in the world, producing 1.7 million metric tons this year with Emirates Aluminum. Emirates hopes to double production to 1.5 million metric tons alone when the new ventures in Guinea, India, and Cameroon come to fruition. Demand for metals is rising, but so are costs, so companies are looking to increase production to keep themselves profitable.
More from my site
- Aabar sets sight on Tun Razak Exchange
- 1MDB defaults on bonds, could need government bailout
- Abu Dhabi claims Malaysia’s 1MDB defaulted on $1.1-billion-debt
- Brazil and Abu Dhabi partnership grows
- Abu Dhabi’s Al Reem Island sees 30% rise in buyer interest
- Looking East: Petro dollars shower on Southeast Asia
