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Aluminium Bahrain

Aluminium Bahrain News

Alumina prices have climbed throughout 2024 as a result of supply disruptions in India and Australia

Qatari aluminium maker defies market challenges

Qatar Aluminum Manufacturing Company, known as Qamco, increased its profits by 21 percent in the first nine months of 2024, despite the rising cost of source materials. Qamco’s profit hit QR427.7 million ($117.3 million) at the end of September 2024, up from QR353.5 million in the same period last year. Figures issued by the company […]

Alba Maaden Aluminium Ras al Khair

Ma’aden-Alba merger ‘a potential game changer’

The proposed merger between the Saudi Arabian mining company Ma’aden and Bahrain’s aluminium smelter Alba looks likely to shake up the global aluminium industry, with the new company challenging for sixth place in the world rankings. “It’s almost a game-changing event, particularly in the GCC region,” says Andy Farida, a senior analyst at Fastmarkets, a […]

Maaden will become the second-largest shareholder in Alba, holding a 20.62% stake on completion of the deal

Maaden to acquire Sabic’s stake in Bahrain’s Alba

Saudi Arabian Mining Company (Maaden) will acquire Saudi Basic Industries Corporation’s (Sabic) 20.62 percent share in Aluminium Bahrain (Alba) as part of its global growth strategy. The Saudi-listed mining major aims to grow ten times by 2040, with its aluminium business being the core contributor. Maaden will become the second-largest shareholder in Alba, holding a 20.62 […]

Maaden and Alba will bring together the financial strength and production capacity needed to compete on a global scale, the Saudi company said

Alba and Maaden plan global aluminium powerhouse

Aluminium Bahrain (Alba), one of the world’s largest aluminium smelters, and Saudi Arabian Mining Company (Maaden) have signed a non-binding agreement to explore forming a “global powerhouse” in aluminium production. “This potential combination will reshape the global aluminium industry, positioning the merged entity as one of the largest aluminium producers worldwide,” Bahrain-listed Alba said in […]

Alba Bahrain aluminium prices

Strong aluminium prices push Alba profit up

Aluminium Bahrain, better known as Alba, reported profit for the first half of 2024 of BD93 million ($247 million), an increase of 83 percent year on year, helped by the falling cost of raw materials and rising sale prices. Alba’s profits in the second quarter surged even higher, jumping 102 percent year on year to […]

Traders look at the screens at Bahrain Bourse in Manama, Bahrain, February 7, 2018. REUTERS/Hamad I Mohammed

Bahrain Bourse needs more liquidity despite 43% surge

The Bahrain Bourse has surged by almost 43 percent in the past five years, but experts have warned that the Gulf state must prioritise further listings to bring more liquidity into the market. The bulk of the growth on the kingdom’s main exchange has come from a select number of liquid stocks, topped by Aluminium […]

Morocco joins the Industrial Partnership for Sustainable Economic Growth at a signing ceremony in Bahrain

Morocco joins Mena industrial partnership

Morocco has become the fifth country to join a partnership that aims to strengthen industrial integration in the Middle East and North Africa. At a meeting held in Manama, Morocco’s entry into the Industrial Partnership for Sustainable Economic Growth was announced, joining the UAE, Jordan, Egypt and Bahrain. During the meeting $2.2 billion worth of […]

The new Conexus plant will process aluminium from national manufacturer Aluminium Bahrain

$100m aluminium plant signals Bahrain’s industrial push

Conexus Resources Group has launched a $100 million aluminium rod plant in Bahrain, the latest project to emerge as the Gulf kingdom seeks to enhance its manufacturing sector. The UK company has announced the inauguration of Konexus Aluminium, which will process liquid metal from Bahrain’s national manufacturer Aluminium Bahrain (Alba) to serve regional and international […]

Mumbai aluminium smelting

Aluminium: waiting for the rise in demand

With global aluminium prices soft and demand currently waning, the announcement last month of the launch of Kings Aluminium Industries’ AED750 million ($204 million) manufacturing and recycling plant in Abu Dhabi may have seemed unfortunately timed. However, “long term” has always been the name of the game with this lightweight metal, as giant, billion-dollar smelters […]