(MENAFN) Aluminum Bahrain said its third-quarter output rose 2.9 percent despite significant drops in London Metal Exchange prices.
The company, which owns one of the largest smelters of the lightweight metal, said third-quarter production stood at 240,351 tons.
Sales also rose to 238,862 tons from 232,922 tons in the same period of 2014, the company said in a bourse statement.
Benchmark London Metal Exchange prices fell to six-year lows towards the end of September, a nearly 20 percent drop from a year earlier.
In June, Alba won government approval for a planned USD3.5 billion expansion that will boost its output by more than 50 percent.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.