Emirates Global Aluminium (EGA) and US-based Century Aluminum have agreed to build a production plant in the United States. The smelter will be established in InolaEmirates Global Aluminium (EGA) and US-based Century Aluminum have agreed to build a production plant in the United States. The smelter will be established in Inola

EGA to start building US aluminium plant this year

2026/01/27 14:51
2 min read
For feedback or concerns regarding this content, please contact us at [email protected]
  • Partners with US-based Century Aluminum
  • Plans smelter in Inola, Oklahoma
  • ‘Largest-ever primary aluminium plant in US’

Emirates Global Aluminium (EGA) and US-based Century Aluminum have agreed to build a production plant in the United States.

The smelter will be established in Inola, Oklahoma, and is expected to produce 750,000 tonnes of aluminium per year, EGA said in a statement.

Construction is due to start by the end of 2026, with production likely to begin by the end of the decade. No financial details were given.

Detailed engineering work is underway and negotiations with Oklahoma for competitive long-term power supply are progressing, the statement said.

EGA said the Inola facility will be the “largest-ever primary aluminum production plant in the US and the first built in nearly 50 years”. 

EGA will own 60 percent of the joint venture, while Century will hold the rest. The plant is expected to create 1,000 permanent jobs, plus 4,000 jobs during construction.

About 85 percent of the aluminium needs of US industries are met by imports, but the new smelter will expand domestic supply of the metal, the statement said.

Century Aluminum CEO Jesse Gary said key industries, such as automotive, aerospace, construction, packaging and national defence, stand to benefit greatly from expanded production of the critical metal.

In December, Bloomberg reported that EGA was seeking an investment partner for its aluminium recycling plant in the US.

Further reading:

  • Turkish recycling plan to generate $600m per year
  • No investment, more efficiency, say GCC aluminium smelters
  • Abu Dhabi’s critical metals deal reshapes Gulf security strategy

The UAE company also operates EGA Spectro Alloys in Minnesota. Work on a second phase there is underway, increasing the plant’s capacity to 200,000 tonnes per year by 2027.

Also in December, EGA said it would invest $170 million to increase its recycling capacity in Germany by more than sixfold.

EGA is co-owned by Abu Dhabi’s Mubadala Investment Company and the Investment Corporation of Dubai.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

Today’s Biggest Crypto Movers: Dogecoin Leads the Pack

Today’s Biggest Crypto Movers: Dogecoin Leads the Pack

Today's Biggest Crypto Movers: Dogecoin Leads the Pack 🚀 Crypto Markets Heat Up Today Major cryptocurrencies are showing strong gains. Let's dive into today's top
Share
Blockchainmagazine2026/04/03 13:00
RWA Boom Accelerates As Tokenized Assets Hit New Highs In Early 2026

RWA Boom Accelerates As Tokenized Assets Hit New Highs In Early 2026

RWA distributed value rose from about $21B to $27.5B in Q1 2026, a gain of roughly 30%. Tokenized US Treasuries reached about $10B, creating an on-chain yield base
Share
LiveBitcoinNews2026/04/03 13:00
Cryptos Signal Divergence Ahead of Fed Rate Decision

Cryptos Signal Divergence Ahead of Fed Rate Decision

The post Cryptos Signal Divergence Ahead of Fed Rate Decision appeared on BitcoinEthereumNews.com. Crypto assets send conflicting signals ahead of the Federal Reserve’s September rate decision. On-chain data reveals a clear decrease in Bitcoin and Ethereum flowing into centralized exchanges, but a sharp increase in altcoin inflows. The findings come from a Tuesday report by CryptoQuant, an on-chain data platform. The firm’s data shows a stark divergence in coin volume, which has been observed in movements onto centralized exchanges over the past few weeks. Bitcoin and Ethereum Inflows Drop to Multi-Month Lows Sponsored Sponsored Bitcoin has seen a dramatic drop in exchange inflows, with the 7-day moving average plummeting to 25,000 BTC, its lowest level in over a year. The average deposit per transaction has fallen to 0.57 BTC as of September. This suggests that smaller retail investors, rather than large-scale whales, are responsible for the recent cash-outs. Ethereum is showing a similar trend, with its daily exchange inflows decreasing to a two-month low. CryptoQuant reported that the 7-day moving average for ETH deposits on exchanges is around 783,000 ETH, the lowest in two months. Other Altcoins See Renewed Selling Pressure In contrast, other altcoin deposit activity on exchanges has surged. The number of altcoin deposit transactions on centralized exchanges was quite steady in May and June of this year, maintaining a 7-day moving average of about 20,000 to 30,000. Recently, however, that figure has jumped to 55,000 transactions. Altcoins: Exchange Inflow Transaction Count. Source: CryptoQuant CryptoQuant projects that altcoins, given their increased inflow activity, could face relatively higher selling pressure compared to BTC and ETH. Meanwhile, the balance of stablecoins on exchanges—a key indicator of potential buying pressure—has increased significantly. The report notes that the exchange USDT balance, around $273 million in April, grew to $379 million by August 31, marking a new yearly high. CryptoQuant interprets this surge as a reflection of…
Share
BitcoinEthereumNews2025/09/18 01:01

Trade GOLD, Share 1,000,000 USDT

Trade GOLD, Share 1,000,000 USDTTrade GOLD, Share 1,000,000 USDT

0 fees, up to 1,000x leverage, deep liquidity