[Ma’aden Reports 48% Increase in Flat Rolled Aluminium Production]
Saudi Arabian aluminium producer Ma’aden reported a 48% year-on-year increase in flat rolled products (FRP) output for Q1 2025, reaching 72kt compared to 57kt in Q1 2024. Alumina production rose by 9% to 478kt, and primary aluminium output grew slightly to 249kt from 246kt. The aluminium business unit, encompassing aluminium, alumina, and FRP, generated SAR2.71 billion ($722.5 million) in revenue, down 9% from the previous quarter.
The company forecasts full-year primary aluminium production between 850kt and 1150kt, and FRP output between 250kt and 310kt. EBITDA increased 4% quarter on quarter, driven by stronger aluminium and FRP prices. FRP sales volumes rose 26% year on year. Ma’aden noted that proposed US tariffs are expected to have limited direct financial impact but may cause short-term trade disruptions. The company emphasized its globally competitive cost structure and plans to closely monitor developments.
