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

Uranium volatility after Russia's US export restrictions

November 25, 2024 / www.canadianminingreport.com

Gold stocks rebound on metal bounce and equity rise

November 25, 2024 / www.canadianminingreport.com

Crypto market size continues to catch up with gold

November 18, 2024 / www.canadianminingreport.com

Crypto stealing some of gold's thunder

November 18, 2024 / www.canadianminingreport.com

Gold stocks drop on metal price decline

November 11, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok