metal market

IHC launches $11.5B aluminum venture in India with Adani

The project extends the UAE’s push to bolster its aluminum industry as Emirates Global Aluminium expands in the U.S., Europe and Africa

Siddharaj Solanki/Bloomberg via Getty Images

The Adani Group headquarters in Ahmedabad, India

Abu Dhabi’s International Holding Co. is embarking on one of its largest overseas investments yet, joining India’s Adani Group in an $11.5 billion aluminum venture in eastern India.

IHC and Adani will each own 50% of the project....