9,006.55 TRY BIST 100 BIST 100
4.84 CNY CNY CNY
34.29 USD USD USD
37.25 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
44.62 TRY Interest Interest
72.99 USD Fossil Oil Fossil Oil
33.70 USD Silver Silver
4.35 USD Copper Copper
102.49 USD Iron Ore Iron Ore
375.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,067.38 TRY Gold (gr) Gold (gr)

Mine aluminum smelter cuts production after operating problems

After Saudi Arabian Mining Co. experienced operational problems, Alcoa Corp. reduced production at its aluminum rolling mill, but is now ramping up production again, according to the company's CEO.

Mine aluminum smelter cuts production after operating problems

Robert Wilt, the CEO of Maaden, known as the Gulf's largest mining company, reports that, the company has shut down some of its potential lines as it faces quality control issues and tries to stabilize the plant.

Stating that none of its customers will be affected, Wilt did not comment on how much the production was affected. When asked about the financial impact of the rolling mill problems, Wilt said, "I don't expect it to affect our budget."

Maaden owns 75% and Alcoa 25% of the massive Saudi Arabian aluminum complex, which includes the rolling mill, mine, alumina refinery and rolling mill.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Trade Minister Bolat: We broke the highest October export record in the history of the Republic

Saturday, November 2, 2024

ICA İçtaş issued 405 million dollars value of project bonds!

Saturday, November 2, 2024

Japan's steel exports fell by 3.9%

Friday, November 1, 2024

Türkiye's crude steel production up 13.8% year-on-year in 9 months

Saturday, November 2, 2024

“Customers not paying on time” was the most important problem for Russian companies

Saturday, November 2, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now