Aluminium group Hulamin, whose customers include Tesla, is eyeing a recovery through a more profitable product mix and new customers, after Covid-19 disruptions and a weaker rand resulted in a first-half loss approaching its R294m market capitalisation.

Protectionist measures from various major global economies subdued local demand and the prospect of a second wave of Covid-19 remains a threat to the group, said CEO Richard Jacob, but Hulamin is hopeful it can return to profit in its second half.

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