Aluminium Bahrain BSC

Difficult Aluminium Market Leads To Bottom-Line Struggles For Alba In Q1

Difficult Aluminium Market Leads To Bottom-Line Struggles For Alba In Q1

Aluminium Bahrain B.S.C. released results for the year’s opening quarter earlier this week. Lower LME prices teamed up with higher alumina prices to squeeze the firm’s bottom line over the year’s first three months. In the year’s first quarter Alba reported a...

Events

Alba Joins Aluminium Stewardship Initiative

Aluminium Bahrain B.S.C. became the newest member of the Aluminium Stewardship Initiative last week, entering the body as a Production and Transformation member. Alba joins the ASI as its 81st member after achieving full compliance with the most recent ISO certification, implementation of International Finance Corporation protocols, its substantial reported track record of safety and […]

Alba Commissions 40 New Pots On Line 6

Aluminium Bahrain B.S.C. updated investors on its Line 6 Expansion Project earlier this week, noting the successful testing of over three dozen pots, all of which are now fully operational. In addition to bringing 40 new potlines online, Alba pointed out the safety record achieved in the process. Per the firm, employees on the project […]

Spike In Alumina Prices Hammer Alba’s Bottom Line In 2018

Though a rise in sales volumes and a recovery of alumina prices at the LME, Aluminium Bahrain B.S.C’s fourth quarter and full year numbers struggled largely due to an “unprecedented” jump in alumina prices. In the fourth quarter Alba reported a net loss of US$47 million, a reversal on the year from last year’s net […]

One-Fifth Of Alba’s Line 6 Aluminium Destined For Spot Market

Around one-fifth of the primary aluminium to roll off Aluminium Bahrain’s new Line 6 is slated for sale on the global spot market according to the firm’s CEO Tim Murray. In a recent interview with S&P Global Platts, Murray said the US$3-billion project is on the verge of first production. “We commissioned it on December […]

Alba Concludes Second Tranche Of ECA Financing For Line 6 Expansion Project

Aluminium Bahrain B.S.C. (Alba) announced on Sunday the closure of the last installment of the second tranche of Export Credit Agency (ECA) financing for Alba’s Line 6 Expansion Project. Per the firm, the second tranche consists of a ten-year, US$136-million Export Development Canada (EDC) facility and a €90-million (US$102 million) Japan Bank for International Cooperation […]