Aluminium Bahrain (Alba) has signed a Memorandum of Understanding (MoU) with China-based alumina producer Hangzhou Jinjiang Group (HJJ) in hope of securing an alumina supply.
The MoU serves as a framework to form a strategic potential collaboration between both entities to secure Alba's alumina requirements."This MoU translates [the] company's strategy to have a vertically integrated business model as well as partially hedge against alumina price volatility...