AMU
May 16, 2025
Wittbecker on Aluminum: Middle East trades and $4B smelter for Oklahoma
Written by Greg Wittbecker
President Trump’s trip to the Middle East has had a heavy emphasis on commercial dealmaking with some politics thrown in for good measure. So far, the major deals that have been announced have been impressive.
Saudi Arabia: a $142 billion arms sale; Nvidia will bring 18,000 of its Blackwell GPU to the Kingdom to enable them to develop regional leadership in AI; Amazon plans to build a $5 billion AI Zone; Supermicro struck a $20 billion deal with DataVolt.
