We also have more details on Emirates Global Aluminium’s (EGA) USD 4bn aluminumplant, which was also announced during Trump’s Abu Dhabi visit. Emirates Global Aluminium, backed by Abu Dhabi’s Mubadala and the Investment Corporation of Dubai, will build the primary aluminum production plant in Oklahoma — the first such US facility since 1980, according to a press release.

The plant will produce 600k tonnes of aluminum annually, nearly doubling domestic output and reducing reliance on imports, which currently fulfill 85% of US industrial demand. The project will create up to 4k construction jobs and 1k permanent roles, and is also set to help spur the development of an aluminum-focused industrial hub.

Construction is slated to begin by late 2026 following feasibility studies, with production starting by 2030. The facility will be located at Tulsa Port of Inola, pending final agreements on power supply and state incentives. The site is close to the Mississippi River system, allowing for bulk freight to move easily from the facility. EGA secured an exclusive land option and is in advanced negotiations with Oklahoma authorities and Public Service Company of Oklahoma.

We already knew about this: An announcement was made in March on the sidelines of UAE National Security Advisor Tahnoon bin Zayed Al Nahyan’s Washington trip.

IN CONTEXT- The company has been looking to expand in the US to mitigate the impact of US levies by giving it no-tariff access to aluminum as US metal prices rise. It acquired 80% of Minnesota-based recycled aluminum producer Spectro Alloys.

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