Bahrain Bourse-listed Aluminium Bahrain (Alba) recorded 25% year-on-year growth in sales volume during Q2 2019, with the value reaching 311,928 metric tonnes (t) during the period, compared to 249,595 t in Q2 2018, despite a downward trend in prices at the London Metal Exchange and ongoing global trade tensions.
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Chief executive officer of Alba, Tim Murray, said:
“We are targeting Line 6’s complete ramp-up by 31 July, 2019, which will position Alba for a strong second half-finish despite the tough aluminium market conditions.”
In a stock market filing, the company said that production in Q2 2019 reached 305,727 t, 21% higher compared to Q2 2018’s production of 252,081 t.
According to Alba, its H1 production grew by 13% to 578,434 t in comparison to 511,480 t in H1 2018 .
Sales volume for H1 2019 rose 14% over H1 2018 figures to 569,042 t.
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