Top Gulf Aluminum Maker Declares Force Majeure on Some Contracts
Emirates Global Aluminium, the Middle East’s top producer of the metal, invoked force majeure clauses to suspend at least some deliveries after one of its smelters was put out of action by an Iranian attack.
The move comes as EGA halted operations at its Al Taweelah smelter after the site was struck by Iranian missiles and drones at the beginning of April amid the US-Israel war on Tehran. The force majeure on some contracts was outlined in documents seen by Bloomberg News.