Energy output climbed 35 per cent to 3.1 TWh (renewables up 78 per cent to 0.6 TWh), while Metals production dipped marginally by 2.1 per cent to 58 thousand tonnes amid capacity realignments. The quarter also saw planned infusions of investor confidence, wherein Fairfax Financial’s EUR 110 million exchangeable bond will elevate its stake to 8.35 per cent, and a EUR 295.5 million commitment to an integrated bauxite-to-gallium plant, facilitated by a Critical Raw Materials Act designation.
With LME aluminium trading around USD 2,400 per tonne at the end of April and forecasts eyeing USD 2,600 per tonne by Q2, Metlen’s cost-control measures and long-term supply pacts with Rio Tinto position it to navigate market headwinds.
