EGA CFO: Sourcing Bauxite From Others to Replace Guinea
Original Report
Emirates Global Aluminium has reported FY underlying profit of AED 4.93 billion, a jump of 16% y/y. The UAE producer says the bottom line was lifted by record sales, favorable aluminum prices and...
Emirates Global Aluminium has reported FY underlying profit of AED 4.93 billion, a jump of 16% y/y. The UAE producer says the bottom line was lifted by record sales, favorable aluminum prices and cost control. Emirates Global Aluminium CFO Pål Kildemo spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche about the demand for aluminum and the diversification of their source countries for Bauxite after exiting Guinea. (Source: Bloomberg)
Glass House Analysis
International economic policy has concrete impacts far beyond diplomatic circles. Tariffs show up in the price of goods at stores, supply chain disruptions affect whether products are on shelves, and trade tensions can mean job losses in export-dependent industries. The globalized economy means that decisions made abroad can affect workers and consumers domestically.
Inflation is the silent tax that erodes purchasing power, hitting hardest those who can least afford it. When grocery bills rise faster than wages, families face impossible choices between food, medicine, and rent. Unlike market volatility that mainly affects investors, inflation touches everyone who buys groceries, fills a gas tank, or pays rent.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
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