UAE Aluminum Producer EGA Targets More Deals in US Amid Tariffs

Emirates Global Aluminium is planning additional acquisitions of US assets after an initial deal last year as tariffs on metal imports into the country raise prices in that market.

The United Arab Emirates-based metals producer completed its first acquisition in the US last year when it bought 80% of Spectro Alloys Corp. in Minnesota. The deal is already proving its worth by giving EGA valuable supply that avoids tariffs, Chief Executive Officer Abdulnasser Bin Kalban said at a conference in Dubai.