Alcoa multi-year agreement with Emirates Global Aluminium

Alcoa (NYSE: AA) will soon be the largest third-party supplier of alumina to Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside of oil and gas, after signing a new eight-year agreement to provide as much as 15.6mt of smelter grade alumina from WA.

EGA operates smelters in Abu Dhabi and Dubai, the Al Taweelah alumina refinery in Abu Dhabi and a bauxite mine in the Republic of Guineaits. Al Taweelah met 47% of EGA’s total alumina needs in 2022.

Alcoa president and chief executive Roy Harvey says the company operates the world’s largest third-party alumina business with low-carbon processes.

“We’re proud to be recognised with this significant additional volume from EGA as a leading global producer,” he said.

“The agreement is the largest alumina supply contract ever signed between Alcoa and EGA, and it will strengthen the long-term supply relationship between our two companies.”

EGA chief executive Abdulnasser Bin Kalban says this agreement will further strengthen EGA’s platform for future growth.

“Most of our alumina needs into the next decade are now secured by our own production and a long-term supplier in Alcoa that is aligned with our sustainability goals,” he said.

The contract includes options for EGA to choose Alcoa’s low-carbon EcoSource™ alumina, the aluminum industry’s only low-carbon alumina brand.

EcoSource is produced with no more than 0.6t of carbon dioxide equivalents (CO2e) per tonne of alumina (scope 1 and scope 2 emissions), which is half of the industry’s average of 1.2t of CO2e.

This measurement includes direct emissions from the Alcoa’s bauxite mining and alumina refining processes and indirect emissions from the energy consumed in those processes.