Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Emirates Global Aluminium sees faster progress restoring Al Taweelah

Emirates Global Aluminium sees faster progress restoring Al Taweelah

Mining.comMining.com2026/07/02 13:30
By:Mining.com

Emirates Global Aluminium said on Thursday it was making faster-than-expected progress restoring production at its Al Taweelah complex after the site was hit by Iranian strikes in March, though hot metal output would take up to a year to return to pre-incident levels

The Al Taweelah complex, one of the world’s largest aluminium production sites, was badly damaged on March 28 when Iranian strikes hit the Khalifa Economic Zone Abu Dhabi, forcing an emergency shutdown. Two employees were admitted to hospital but have since been discharged, the company said.

EGA must progressively restore each of the smelter’s 1,262 reduction cells to resume hot metal production. Anode removal is complete across all cells, bath cleaning has been finished at around 90% of cells, and frozen metal has been cleared from more than 20% of them.

The first cell was restarted on May 26, and 89 have now been brought back online, the company said.

(Reporting by Hadeel Al Sayegh; Editing by Kate Mayberry)

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Tech, Media & Telecom Roundup: Market Talk

Dow Jones2026/09/14 08:20

VIPMiddle East Tensions Raise Rate Risks but May Create Buying Opportunities

1. The sharp escalation in Middle East tensions pushed Brent crude to multi-year highs of $105–$107 per barrel, reviving inflation expectations. The 10-year U.S. Treasury yield surged to 4.94%, its highest level since 2023, while the implied probability of a rate hike at the September 16 policy meeting to the 3.75%–4.00% range rose from 48.4% one month ago to 67.1%. 2. Rising oil prices and rate-hike expectations weighed on most risk assets, but historical data suggest that this is more likely to be a short-term adjustment than a reversal of the broader trend. Bitcoin fell 3.36% this week and the S&P 500 declined 1.64%, while gold slipped just 0.96%. Outside the energy sector, markets are largely repricing ahead of next week's expected rate decision. 3. PoolX has recently introduced a long-term holding bonus, significantly improving effective returns for users who maintain assets on the platform over time. The core participation rules remain unchanged; the update adds an additional boost to the effective locked amount for users with qualifying long-term holdings. In the example provided, a user locking 1000 ETH would see the estimated reward increase from 1666.67 USDT to 2500 USDT, or about 50%, while the reference APR rises from 4.93% to 7.40%. Assets to watch: BTC, ETH, SOL, Brent crude, WTI crude, gold, 10-year U.S. Treasuries, RAY, ZEC, LEN, CCL.

Bitget2026/09/14 08:10
Middle East Tensions Raise Rate Risks but May Create Buying Opportunities