Dubal eyeing Guinea, Cameroon and India for development

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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.