The company is owned by Russian aluminium group Rusal – one of the world’s biggest producers of the metal. The accounts for Limerick Alumina Refining Ltd show that it posted the huge loss last year despite revenue rising to $853.5m from $784.5m. “The output of the refinery reduced by 13pc in 2022 due to the loss of key customers in the European market and disruption to bauxite supply,” they added. The bauxite supply was hit because of sanctions on “critical suppliers”, note the accounts, which impacted the transport of Aughinish Alumina’s Dian-Dian bauxite to the refinery. In a letter to the European Commission earlier this year Aughinish Alumina stated that the “European aluminium industry is in crisis”.

Source: Irish Independent November 19, 2023 16:47 UTC