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Article: Battling with low prices. (Aluminum Bahrain) (Special Report: Bahrain)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- November 26, 1993
- Author:
CopyrightCOPYRIGHT 1993 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BAHRAIN'S showcase industry has a lot to crow about and much to worry about too. This month, Aluminium Bahrain (Alba) completes the first year since its fourth reduction line and new 800-MW power station became fully operational. The expansion doubled capacity and boosted efficiency while environmental engineering has cut emissions dramatically. The downside is the world price of aluminium which dipped under $1,000 a tonne on the London Metal Exchange in early November. As a closed company 77 per cent owned by the state of Bahrain, Alba does not publish financial data but current prices are a blow to its chances of maximising returns from the expansion.
"It's ...
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