financetom
Business
financetom
/
Business
/
Bahrain's Alba confirms Iranian attack on its facilities
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Bahrain's Alba confirms Iranian attack on its facilities
Mar 28, 2026 5:38 PM

March 29 (Reuters) - Aluminium Bahrain, also

known as Alba, confirmed early Sunday that its facilities were

targeted in an Iranian attack a day earlier, Bahrain's state

news agency reported.

Alba said two people were mildly injured in the attack,

adding that it was assessing damage in the facilities.

The confirmation comes after Iran's Revolutionary Guards said

they targeted Alba and Emirates Global Aluminium in response to

attacks on two Iranian steel plants. The IRGC said, without

elaborating, that the two companies had ties to U.S. military

and aeronautics firms.

Reuters could not independently verify the IRGC's claims.

Alba had initiated earlier in March a shutdown of three

aluminium smelting lines accounting for 19% of its capacity to

preserve business continuity amid ongoing ​disruption in the

Strait of Hormuz. It followed a force majeure by the company on

March 4 since it was unable to ship metal to customers due to

the closure of the strategic strait.

The closures are the latest impact ​on the Middle East

aluminium sector, which accounts for around 9% ⁠of global

supply, from the U.S.-Israeli war on Iran.

Separately, Bahrain's Foulath Holding, the parent company of

Bahrain Steel, declared on Saturday a force majeure on its

operations due to the regional conflict and "associated security

and logistical disruptions".

It said the situation in the region has "created

circumstances beyond the group's control that have impacted

operations and logistics across parts of the group's business,"

without providing details on the size of the impact.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
On Semiconductor Insider Sold Shares Worth $432,257, According to a Recent SEC Filing
On Semiconductor Insider Sold Shares Worth $432,257, According to a Recent SEC Filing
Mar 12, 2025
04:49 PM EDT, 03/12/2025 (MT Newswires) -- Alan Campbell, Director, on March 12, 2025, sold 10,000 shares in On Semiconductor (ON) for $432,257. Following the Form 4 filing with the SEC, Campbell has control over a total of 85,006 common shares of the company, with 85,006 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1097864/000122520825003280/xslF345X05/doc4.xml ...
CERAWEEK-US oil executives to meet with Trump next week
CERAWEEK-US oil executives to meet with Trump next week
Mar 12, 2025
(Adds previous comments from API and context in paragraphs 5 and 6) By Jarrett Renshaw and Ron Bousso HOUSTON, March 12 (Reuters) - U.S. oil producers will meet with President Donald Trump next week, leading industry group the American Petroleum Institute said on Wednesday. Among the topics for discussion are tariffs, trade and exports of liquefied natural gas, an industry...
Drugmakers Mallinckrodt, Endo in talks to merge, source says
Drugmakers Mallinckrodt, Endo in talks to merge, source says
Mar 12, 2025
March 12 (Reuters) - Mallinckrodt and Endo ( NDOI ) are exploring a potential merger that could be valued at about $7 billion, person familiar with the matter told Reuters on Wednesday. A deal could likely be announced as soon as Thursday, the person said. The two companies did not immediately respond to Reuters requests for comment. Both Mallinckrodt and...
Activist investor defies Woodside directors election citing climate risk, poor returns
Activist investor defies Woodside directors election citing climate risk, poor returns
Mar 12, 2025
(Reuters) - The Australasian Centre for Corporate Responsibility (ACCR) expressed dissent on Thursday against all directors due for election at the upcoming annual general meeting of Woodside Energy ( WDS ), citing failures in managing climate risks, among other reasons. The ACCR filed members' statements attributed to Woodside's persistent shortcomings, including poor shareholder returns and inadequate management of climate risk....
Copyright 2023-2026 - www.financetom.com All Rights Reserved