Aluminij, an aluminium producing company established in 1975, and one of the largest producers and exporters in Bosnia and Herzegovina ever since, halted its production in July 2019, after it had accumulated a large number of unpaid electricity bills from Elektroprivreda HZ HB, which in turn cut off its supply.

The government of the Federation of Bosnia and Herzegovina, its largest shareholder, announced a rescue plan for the end of the year.

Abraham Group, an Israeli company with headquarters in Panama, stated in December 2019, that it plans to revitalise and rescue the existing smelter operations of Aluminij, to implement new operational efficiencies, expand the production and better the management.

The deal came after the negotiations between Aluminij's shareholders, including the Federation of Bosnia and Herzegovina, and after they accepted a revised offer from Aluminij Industries' parent company, M.T.

[3] On 4 May 2023, Aluminij Industries signed $141.2 million worth of deals with Glencore and Duferco.