Ormet looks to sell alumina to Glencore

Nov 15, 2013 | 10:42 AM | Michael Cowden

Tags  Ormet, Glencore Xstrata, alumina, asset sale, bankruptcy, Matthew Powell, David Streule, Almatis bankruptcy

CHICAGO — Ormet Corp. has inked a pact to sell about 32,000 tonnes of alumina to Glencore Xstrata Plc for $8.44 million.

The bankrupt Hannibal, Ohio-based aluminum producer is seeking court approval to sell the calcined metallurgical-grade alumina, valued at $263.75 per tonne, from its Burnside, La., refinery to Baar, Switzerland-based Glencore, according to court documents dated Nov. 14 and....

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