ArcelorMittal's Algerian subsidiary, Annaba, has signed a funding agreement with Banque Exterieure d'Algerie (BEA) that will lead to increased steel production within the country
Emirates Aluminium (Emal) is set to double its exports to the US by the end of 2012 due to growing demand, said the company's president and chief executive.
Hyundai Engineering & Construction has won a US$1.5 billion contract to build an alumina refinery in Ras Al Khair, Saudi Arabia.
Saudi Arabian Mining Co (Maaden) plans to add a new production line at its aluminium joint venture (JV) with Alcoa to produce sheets used in the automotive and construction industries.
The GCC is poised to become a primary aluminium production powerhouse over the next decade and is expected to contribute over 13 per cent of the world's aluminum production by 2013.
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