Profits soar at Aughinish rival Emirates Aluminium as prices of the metal climb

The rival to Russia's Rusal said profit rose almost fourfold to €1.6bn

Emirates Global Aluminium, a rival to Russia's Rusal which owns the huge smelter plant in the Shannon Estuary, posted a record first-half profit.

Emirates Global Aluminium, a rival to Russia's Rusal which owns the huge smelter plant in the Shannon Estuary, posted a record first-half profit as prices of the metal soared.

Profit rose almost fourfold to €1.6bn, the Middle East’s biggest aluminium producer said. That exceeded the profit the firm reported for the whole of last year, as revenue jumped about 70%.