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11.04.26 - 14:51
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Metal Shock: Gulf′s Largest Aluminum Producer Declares Force Majeure (ZeroHedge)
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Metal Shock: Gulf's Largest Aluminum Producer Declares Force Majeure
A little more than a week after Emirates Global Aluminum (EGA), the Gulf's largest aluminum producer, halted operations at its Al Taweelah smelter following Iranian missile and drone strikes, EGA has now declared force majeure on parts of its contract book, signaling that supply chain disruptions are spreading beyond energy markets and into industrial metals.
Bloomberg obtained new documents showing that EGA invoked force majeure clauses to suspend at least some deliveries after Iranian drone and missile strikes damaged the Taweelah smelter and forced it to shut down operations.
EGA is jointly owned by Mubadala Investment Company of Abu Dhabi and the Investment Corporation of Dubai, and it reported 2.83 million tons of cast metal sales in 2025, indicating on its website that it accounted for 4% of the world's aluminum production. The broader Middle East accounts for about 9% of global aluminum supply.
The EGA outage adds t...
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10.04.26 - 15:19
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Glencore steigt bei US-Aluminiumrecyclinganlage ein (Cash)
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- Der Rohstoffkonzern Glencore beteiligt sich an einer Recycling- und Umschmelzanlage für Aluminium im US-Bundesstaat South Carolina. Wie das Unternehmen am Freitag mitteilte, übernimmt Glencore einen Anteil von 45 Prozent an der Anlage in der Nähe von Charleston....
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09.04.26 - 00:54
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The New Financial Iron Curtain: Taxes, Capital Controls, & The War On Your Wealth (ZeroHedge)
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The New Financial Iron Curtain: Taxes, Capital Controls, & The War On Your Wealth
Authored by Chris Macintosh via InternationalMan.com,
There is a term called “gating” in the fund management world.
It refers to blocking investors from redeeming their funds. Funds do this sometimes as a precaution… and other times when they are in the poo.
Well, governments are the same. When they are in the poo, they also resort to their version of gating. It's just called taxes.
I've always loved the Dutchies. Growing up in South Africa with the Afrikaners — descendants of the Dutch — I can tell you that as a group they are fantastic: hard working, ethical, and very down to earth.
It is with sadness, therefore, that I have to acknowledge that their government is thoroughly cocked-up, and they themselves are already behind a financial iron curtain.
They recently approved a 36% unrealised capital gains tax.
It has since been put back for consideration, but this is not the point. The point is that wh...
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