Ormet to shut second potline in Ohio
Aug 27, 2012 | 01:33 PM
| Suzy Waite
NEW YORK Ormet Corp. will shut a second potline at its 270,000-tonne-per-year Hannibal, Ohio, smelter, chief executive officer Mike Tanchuk told AMM.
Ormet began taking the potline offline last week and will complete the curtailment by Aug. 31, reducing its overall capacity by one-third, or about 90,000 tonnes per year, according to Tanchuk.
Ormet announced in July it would curtail one of the six potlines at Hannibal, citing low London Metal Exchange aluminum prices and high energy costs (amm.com, July 20). Three-month aluminum on the LME ended last week at $1,901.50 per tonne, down 19.1 percent from this years high of $2,349 per tonne in late February. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.