EGA expects Iran-hit plant to resume full production by early 2027

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Paul Kildemo, Chief Financial Officer at Emirates Global Aluminium says they are on track for production at it’s Al Taweelah plant in Abu Dhabi to resume full production by the first quarter of 2027, at a cost of $400 million. He discusses how higher LME prices and the energy transition have boosted its bottom line, but says the outlook still hinges on when the Strait of Hormuz fully reopens.