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Emirates Global Aluminium Diversifies Bauxite Sourcing After Guinea Exit

Bloomberg Markets •
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Emirates Global Aluminium reported a 16% year-on-year increase in underlying profit to AED 4.93 billion, driven by record sales, favorable aluminum prices, and cost control measures. CFO Pål Kildemo discussed the company's strategic pivot away from Guinea as a primary bauxite supplier, citing market dynamics and the need for supply chain resilience. Emirates Global Aluminium is actively sourcing bauxite from alternative regions to mitigate geopolitical risks associated with its former supplier. This move reflects broader industry trends toward diversified sourcing in critical raw materials.