Ormet to begin idling potline at Ohio smelter
Jul 20, 2012 | 03:35 PM
| Suzy Waite
Tags
Ormet,
Mike Tanchuk,
London Metal Exchange,
Hannibal,
Suzy Waite
NEW YORK — Ormet Corp. will shut one of six potlines at its 270,000-tonne-per-year Hannibal, Ohio, smelter starting Monday. The shutdown process will take about two weeks, chief executive officer Mike Tanchuk told AMM.
Tanchuk cited the dropping price of aluminum on the London Metal Exchange as the main reason for the shutdown of the potline, which has a capacity of 45,000 tonnes per year. "Right now, the price isn’t viable to keep it running," he said. ....
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