Why did aluminium prices fall sharply on Friday despite being on track for a weekly gain?

Aluminium prices fell sharply on Friday because Emirates Global Aluminium (EGA) announced it had restarted its alumina refinery in the UAE after a 3½-month outage, signaling a broader ramp-up in Gulf metal production; however, the metal was still set to rise 1.8% for the week due to easing Middle East tensions and optimism over returning supplies.

What is the current status and timeline for EGA's Al Taweelah refinery output recovery?

EGA stated that output from its Al Taweelah refinery is expected to ramp up to 50% of capacity 'within days', with full production potentially restored by year-end.

Aluminium Falls on EGA Alumina Restart, Still Set for Weekly Rise

Jul 10, 2026

Emirates Global Aluminium restarted its refinery, pushing prices down, yet the metal remains poised for a weekly gain due to easing tensions and supply recovery expectations.

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Aluminium Falls on EGA Alumina Restart, Still Set for Weekly Rise

Aluminium Falls on EGA Alumina Restart, Still Set for Weekly Rise

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