1314 ET - Emirates Global Aluminum plans to build a primary aluminum smelter outside of Tulsa, the company announced with a memorandum of understanding signed with the state of Oklahoma. If completed, it would be the first aluminum smelter opened in the U.S. in 45 years, Emirates says. The announcement is part of $200 billion of investments by the United Arab Emirates announced by the White House yesterday. This investment is valued at $4 billion. EGA is a joint venture between two government entities in the Middle East, and is among the biggest producers of primary aluminum globally. Tariffs imposed by the Trump Administration are in part meant to reinvigorate domestic aluminum in the U.S., with companies like Century Aluminum Co. and Alcoa struggling to keep their older primary smelters open. (kirk.maltais@wsj.com)
(END) Dow Jones Newswires
May 16, 2025 13:14 ET (17:14 GMT)
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