Alcoa enters bid for Ormet carbon anodes

Dec 16, 2013 | 06:00 PM | Michael Cowden

Tags  Ormet, anodes, Alcoa, Century Aluminum, copper rods, Trafigura, Glencore Xstrata, alumina aluminum

CHICAGO — Alcoa Inc. has entered the fray for carbon anodes on sale from bankrupt aluminum producer Ormet Corp.

The Pittsburgh-based aluminum producer has offered to pay more than $3.4 million, or $200 per tonne, for 17,086 tonnes of anodes stored at Ormet’s Hannibal, Ohio, location.

Alcoa said its offers represents a $70-per-tonne premium to a competing offer from Chicago-based aluminum producer Century Aluminum Co., according to documents filed in U.S. Bankruptcy Court in Delaware and dated Dec. 13.....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results