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Revisions

Noble Group gets a lifeline from aluminium turmoil

Bloomberg Published on Fri, May 04, 2018 / 7:46 AM GMT+8

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(May 4): The US sanctions against United Co. Rusal have caused havoc across the aluminium industry.

But for one struggling commodity trader, they have proven a veritable lifeline.

Noble Group Ltd., which has spent more than a year battling for survival, is one of the main beneficiaries of a surge in the price of alumina -- the raw material for making finished aluminium metal that’s been in very short supply since sanctions were imposed.