Alcoa threatens to curtail Quebec smelters
Oct 30, 2013 | 06:03 PM
| Michael Cowden
CHICAGO Alcoa Inc. plans to cut its electricity purchases for its three Québec smelters and could idle production if it doesnt get a better power deal from Canadian public energy utility Hydro-Québec.
The total capacity theoretically in play could be as much as 953,000 tonnes, according to Alcoas website and calculations by AMM.
The move to slash Alcoas power purchases in Québec comes because of a rate increase slated to take effect Jan. 1, 2015, that would significantly boost energy costs and make the companys Québec smelters uncompetitive, the Pittsburgh-based aluminum producer said in an e-mail to AMM Oct. 30.....
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