Alba Q2 2024 Profits Skyrocket 129% Amid Stable Shipments and Production Despite Slight Decline in Output

Publié: Aug 14, 2024 01:01

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Alba Reports a Surge of 129% in Q2 2024 Profits, with Stable Shipments and Production" The Aluminum Bahrain (Alba) recorded a profit of US$182 million in the second quarter of 2024, marking a year-on-year increase of 129%. Aluminum sales volume reached 397,538 metric tons in the second quarter, up 1% year-on-year, while production slightly declined by 0.5% to 403,747 metric tons. The soaring profits were attributed to the 11% year-on-year increase in the average London Metal Exchange (LME) price in the second quarter, reaching US$2,519 per ton.

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