Alba records double-digit volume increase in Q2

Aluminium Ba h ra i n (Alba) announced recording a double-digit increase in its overall sales volume and throughput in the second quarter of 2019 despite trade-tensions and the downward pressure on LME prices.  Sales volume increased 25 per cent year-over-year to top 311,928 mt in Q2 2019 from 249,595 metric tonnes (mt) recorded in the year-earlier quarter.

Production jumped to 305,727 mt, up by 21pc YoY versus 252,081 mt in the same quarter a year ago. Alba closed this quarter with Value-Added (VA) Sales averaging 52pc of total shipments versus 60pc for the same period in 2018.  For the first half of 2019, production reached 578,434 mt versus 511,480 mt in H1 2018, up by 13pc YoY. Sales volume increased by 67,810 mt to top 569,042 mt year-to-date (up by 14pc Y0Y).

 Commenting on Alba Sales’ volume and Production for Q2 2019, Alba’s Chief Executive Officer, Tim Murray said: “Driven by the solid progress on the Line 6 ramp-up, Alba closed the second quarter with a double-digit volume increase in both Sales and Production. We are targeting Line 6 complete ramp-up by 31 July 2019 which will position Alba for a strong 2nd half-finish despite the tough aluminium market conditions.”   Alba will release its Second Quarter 2019 Financial Results on 28 July 2019.