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Emirates Global Aluminium:EGA- EGA AND SUNSTONE TO BEGIN CONSTRUCTION OF ANODE MANUFACTURING PLANT IN UAE IN 2026EGA- NEW ANODE MANUFACTURING FACILITY WILL HAVE CAPACITY OF 300 THOUSAND TONNES OF ANODES PER YEAREGA- EGA AND SUNSTONE ARE EXPECTING TO INVEST APPROXIMATELY $300 MILLIONEGA WILL HOLD 45 PER CENT SHAREHOLDING AND SUNSTONE A 55 PER CENT SHAREHOLDING IN THE JOINT VENTURESUNSTONE WILL BUILD THE PLANT ON BEHALF OF THE JOINT VENTURE, WITH EGA AS A FINANCIAL INVESTOR AND OFF-TAKERFIRST ANODE PRODUCTION IS EXPECTED AS EARLY AS 2028
Sunstone Development Co Ltd :SAYS TO SET UP JV WITH EMIRATES GLOBAL ALUMINIUM FOR CONSTRUCTION OF A 300KT/A PREBAKED ANODE PROJECT IN UAE (United Arab Emirates) WITH INVESTMENT UP TO $295 MILLION
