Emirates Global Aluminium (EGA), a leading aluminium producer, has officially completed the acquisition of Leichtmetall Aluminium Giesserei Hannover GmbH, a subsidiary of an investment fund managed by Quantum Capital Partners GmbH. The acquisition aligns with EGA’s strategic ambitions to venture into the European aluminium recycling market, where demand is escalating. EGA, which has already established itself within the European market by selling over 600,000 tonnes of primary aluminium annually, anticipates the transaction to significantly contribute to its operations. The German firm specializes in producing high-quality aluminium billets using renewable energy and a substantial fraction of secondary aluminium as raw material. This move is particularly relevant given analysts’ projections for a rapid expansion in the global recycled aluminium market, which is expected to double by 2040 and could represent a significant portion of the overall growth in aluminium supply during the subsequent decades.

Aluminium Production, Metals and Mining Sector,United Arab Emirates, Germany

https://www.zawya.com/en/markets/equities/uaes-emirates-global-aluminium-acquires-german-firm-leichtmetall-hh6cn4cr