MANAMA: Alba has reported overall sales volume and throughput in double-digits for the second quarter of 2019 despite trade tensions and the downward pressure on LME prices.

For the second quarter of 2019, sales volume went beyond 249,595 metric tonnes (mt) in Q2-2018 to top 311,928 mt, an increase of 25 per cent year on year (YoY) while production jumped to 305,727 mt, up by 21pc YoY versus 252,081 mt in Q2-2018.

Alba closed the second quarter with value-added 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, while sales volume increased by 67,810 mt to top 569,042 mt year to date (up by 14pc Y0Y).

Commenting, Alba’s chief executive Tim Murray said: “Driven by the solid progress on the Line 6 ramp-up, Alba closed the second quarter with double-digit volume increase in both sales and production.

We are targeting Line 6 complete ramp-up by July 31 which will position Alba for a strong second half finish despite the tough aluminium market conditions.”

Alba is on course to become the largest smelter in the world with the full ramp-up of Line 6 on July 31.

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