Aluminium Bahrain BSC started a phased production shutdown at the world’s largest single-site smelter of the metal, deepening the disruptions that have rocked the industry and sent prices soaring amid the war in the Middle East.
The company, known as Alba, said it has initiated a shutdown of three production lines, which together represent 19% of its total output capacity of 1.6 million tons a year. The suspension will allow it to preserve its inventory of raw materials and keep other parts of the plant operating as maritime transit through the Strait of Hormuz is affected, it said.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.