Tim Murray

Alba Sees Sales Volumes Rise By 21 Percent In Q2

Alba Sees Sales Volumes Rise By 21 Percent In Q2

Aluminium Bahrain B.S.C. released financial results for the second quarter and first half of 2019 on Sunday. Alba turned in a weaker than hoped performance in both periods due to tepid prices at the LME. The second quarter saw Alba post a...

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Events

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

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 […]

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

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 […]

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Alba Tops 1 Million Metric Tons In Aluminium Sales In 2018

Alba Tops 1 Million Metric Tons In Aluminium Sales In 2018

Aluminium Bahrain B.S.C. (Alba) continued its climb to the top of the global aluminium-smelting mountain last year, posting a sales volume of over 1 million metric tons in 2018. Per the company, last year witnessed the sale of 1,012,548 metric tons of aluminium, representing an all-time high for the company. Last year’s sales total increased […]

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Alba Surpasses 2018 Aluminium Production Goal Of 1 Million Metric Tons

Alba Surpasses 2018 Aluminium Production Goal Of 1 Million Metric Tons

Aluminium Bahrain B.S.C. (Alba) achieved a new high-water mark in production volume last year, clocking a per-annum production rate of 1,011,101 metric tons. The record exceeded the firm’s production target by over 11 thousand metric tons per annum. The 2018 result was a rise of 3 percent over 2017’s production volume of 981,016 metric tons […]

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Despite Rising Alumina Costs, Alba Turns In Strong Third Quarter

Despite Rising Alumina Costs, Alba Turns In Strong Third Quarter

Aluminium Bahrain B.S.C. (Alba) reported financial results for the third quarter of 2018 yesterday. Though sales volumes in the quarter rose, a rise in alumina prices tempered bottom-line gains. In the just-ended quarter, Alba recorded a net income of BD14.3 million (US$38 million), off by 44 percent on the year from BD25.8 million (US$68.5 million). […]

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