Technal, a leading manufacturer of aluminum building systems under a brand of Norsk Hydro, based in Toulouse, France, is facing soaring aluminum prices but remains optimistic about the future outlook.
The LME aluminum price has suffered a surge since last year, mainly due to strong economic recovery after the COVID-19 epidemic and the mid-2021 coup in Guinea, a major global bauxite producer.
Besides, the increased price also has a tie with the Russia-Ukraine war as Russia is the world's second-largest aluminum producer after China.
Technal is also working on recycled aluminum, which prevented the company from being affected by the price hikes last year.
Technal suffering soaring aluminum prices
18 Mar 2022 16:48 reported by Joy Liu
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