Ormet losses mount in August

Sep 23, 2013 | 11:11 AM | Michael Cowden

Tags  Ormet, Chapter 11, London Metal Exchange, LME, aluminum prices, bankruptcy protection, Delaware, aluminum Michael Cowden

CHICAGO — Ormet Corp.’s losses mounted in August as aluminum prices on the London Metal Exchange continued to slide.

The bankrupt Hannibal, Ohio-based aluminum producer posted a net loss of $11.7 million in August vs. a $6.4-million loss in July, according to court documents filed Sept. 20 in U.S. Bankruptcy Court....

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