FINANCIAL NEWS

Qatalum eyes listing on London Metal Exchange

18 Jul 2010

(MENAFN) The Chief Executive Officer at Qatalum, the world’s largest aluminium plant, said that the company is looking set to meet the registration requirements of the London Metal Exchange (LME) next year, QNA reported.

He said the ISO 9001:2008 Certification that Qatalum was awarded recently is one of the requirements for qualification to join LME.

LME is the world?s premier non-ferrous metals market. It offers futures and options contracts for aluminium, copper, tin, nickel, zinc, lead, aluminium alloy etc.

The $5.8bn Qatalum, a 50/50 joint venture between Qatar Petroleum (QP) and the Norwegian Company Hydro being developed in line with Qatar?s long-term economic diversification strategy was awarded the ISO 9001:2008 Certification.

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