ECONOMY

Greece’s Mytilineos expects positive alumina performance

Greece’s Mytilineos expects positive alumina performance

Mytilineos sees positive prospects for its alumina business in Greece despite surging alumina prices, the Greek industrial group said on Thursday.

Its vertically-integrated feed and lower production costs have shielded it and created “positive prospects” for its alumina business in the short and the medium term, the company said in a first-quarter trading update.

Prices for alumina surged last month after the United States imposed sanctions on Russian aluminium producer Rusal.

Alumina is extracted from bauxite ore and smelted to form aluminium. Its supply is already tightening due to a partial outage of a plant in Brazil.

Mytilineos operates an alumina refinery in central Greece with an annual output of 820,000 tons and aims to spend $400 million to boost its capacity to 1 million tons.

[Reuters] 

Economy Industry

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.

READ MORE
Greek industrial output falls in January
ECONOMY

Greek industrial output falls in January

In ruins of Greek economy, factories turn to exports to grow
ECONOMY

In ruins of Greek economy, factories turn to exports to grow

Greek May industrial output is up 5.4 pct year-on year
ECONOMY

Greek May industrial output is up 5.4 pct year-on year

Greek factory activity returns to growth in June after 9-month contraction
ECONOMY

Greek factory activity returns to growth in June after 9-month contraction

Greeks rein in their optimism
ECONOMY

Greeks rein in their optimism

Pitsiorlas warns against return to protectionism
ECONOMY

Pitsiorlas warns against return to protectionism