11,060.39 TRY BIST 100 BIST 100
5.94 CNY CNY CNY
48.45 EUR EUR EUR
42.08 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
39.80 TRY Interest Interest
64.69 USD Fossil Oil Fossil Oil
64.38 USD Silver Silver
4.97 USD Copper Copper
106.11 USD Iron Ore Iron Ore
344.00 USD Shipbreaking Scrap Shipbreaking Scrap
5,383.32 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

The steel market in the US remains stable

Tuesday, November 4, 2025

European Commission invests EUR 2.9 billion in net-zero technologies

Tuesday, November 4, 2025

Baosteel’s operating profit rises %31 in the January–September period

Tuesday, November 4, 2025

South Korea is restructuring steel industry

Tuesday, November 4, 2025

British Steel expands its external fleet

Tuesday, November 4, 2025
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