Hydro says Qatalum may opt for direct shipments to unblock exports

By Kitco News / June 06, 2017 / www.kitco.com / Article Link

OSLO, June 6 (Reuters) - Qatari aluminium firm Qatalum may start direct shipments of metals from its plant to unblock exports halted by a regional diplomatic row, a spokesman for Norway's Norsk Hydro said.

Until now, the aluminium has been exported by ships from Qatar to the Jebel Ali port in the United Arab Emirates, where it was transferred to larger vessels for exports to customers in Asia, Europe and the United States. The UAE port was no longer available after Saudi Arabia, Egypt, UAE and other broke off relations with Qatar on Monday.

In addition to direct shipments, other export options may include the use of a different regional hub, the Hydro spokesman said.

Hydro owns a 50 percent stake in Qatalum.


(Reporting by Joachim Dagenborg, editing by Terje Solsvik)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities,securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Stockpools Contest

Recent News

Gold stocks rise but lag broader equity gains

January 20, 2025 / www.canadianminingreport.com

Wesdome, Seabridge and Skeena report outstanding drill results

January 20, 2025 / www.canadianminingreport.com

Smaller juniors still financed even in more cautious market

January 13, 2025 / www.canadianminingreport.com

Gold stocks shrug off equity market decline on metal gain

January 13, 2025 / www.canadianminingreport.com

Geopolitical risk outlook unclear after US election

January 06, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok