Ormet expects aluminum prices to rise
Sep 03, 2013 | 03:49 PM
| Michael Cowden
CHICAGO Ormet Corp. expects aluminum prices to rise as it returns to full capacity at its Hannibal, Ohio, smelter in the coming years, according to details previously redacted from a business plan filed with Ohio regulators.
The bankrupt Hannibal, Ohio-based aluminum producer said in the plan that it expects London Metal Exchange cash aluminum prices to average $2,300 per tonne ($1.04 per pound) in 2014 and $2,400 per tonne ($1.09 per pound) in 2015, according to documents filed Aug. 30 with the Public Utilities Commission of Ohio.....
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