Bahrain presses ahead with plan to buy French aluminum smelter

Aluminium Bahrain is proceeding with a $2.2 billion plan to acquire France’s Aluminium Dunkerque, a smelter currently owned by American Industrial Partners. The deal’s price has risen from $1.2 billion in March due to aluminum prices hitting a four-year high, partly driven by supply disruptions linked to the Iran war and attacks on Alba’s facilities.