News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
Aluminium Bahrain Cuts Production; Indian Aluminium Giant Declares Force Majeure
Amidst ongoing conflicts in the Middle East, Aluminium Bahrain (Alba), which operates the world's largest single aluminium smelter, has announced a phased production shutdown t...
Reset
Send
The window will close in 5 seconds
Aluminium Bahrain Cuts Production; Indian Aluminium Giant Declares Force Majeure
Close
Recommend
19
Positive
37
Negative
38
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get NVDA share!

Amidst ongoing conflicts in the Middle East, Aluminium Bahrain (Alba), which operates the world's largest single aluminium smelter, has announced a phased production shutdown to conserve raw material inventory and maintain operations in other parts of the plant, according to comprehensive reports.

It is reported that Alba has initiated the shutdown of three production lines, which together account for 19% of its annual total output of 1.6 million tonnes, approx. 2.2% of global aluminium output. The production cut by Alba is the latest event in the the global aluminum industry's turmoil.

Related News UBS Lowers TP for CHALCO (02600.HK) to HKD17.5; Results In Line but Dividend Below Expectations
Due to the natural gas shortage led by disruption of natural gas supply in the Middle East, Hindalco Industries has currently ceased production of aluminum extrusion, a high-value-added aluminium product, according to insiders.

The announcement indicates that this metal producer under the Aditya Birla Group declared force majeure to all its aluminum extrusion customers on 11 March. Aluminum extrusion is widely used in construction, EVs, electronics and solar panels.

AASTOCKS Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.