Norsk Hydro to shutter Kurri Kurri smelter
May 23, 2012 | 04:45 AM
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Norsk Hydro plans to shut down its 180,000-tpy Kurri Kurri aluminium plant in Australia after a review showed that the plant will not be profitable in the short term at current market prices of aluminium.
“The profitability of Hydro’s Kurri Kurri plant has suffered as a result of the continued weak macro-economic conditions, with low metal prices and an uncertain market outlook, as well as the strong Australian dollar,” the company said. ....
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