Aluminium Bahrain (Alba) announced a 25pc rise in sales and production of primary aluminium in its Q2 earnings, according to the company’s press release.
Shaikh Salman Al Khalifa, chairman, Alba, said that despite the challenging market conditions caused by the COVID-19 pandemic, the company aims to produce 1.54mn mt by adapting new operating procedures.
Alba’s primary aluminum output in the second quarter stood at 378,558mt, up 24pc from the prior year period. Sales volume rose 25pc to 390,750mt in the same duration. Value-added products accounted for 34pc of total sales.
The company’s Titan smelter nears completion in Phase 4 with an estimated capacity of 1mn mt and reduced production cost of $100/mt. Progress continues at its Spent Pot Lining (SPL) Treatment plant which is set for completion by the end of the year.
According to the H1 report, global aluminum consumption rose 5pc while production saw an uptick of 7pc. The company reported a loss of $28.3mn, down 44pc from the same period last year.