NEW YORK Planned outages at Alcoa Inc.s Anglesea power plant in Australia and Warrick power plant in Evansville, Ind., will cost it $25 million in the second quarter.
"Every four years, we have a significant maintenance outage at the Angelsea power plant," executive vice president and chief financial officer William F. Oplinger said in a call with analysts. "Combined with a smaller outage at the Warrick power plant, (this will cause) a negative impact of $25 million."
The Anglesea power station supplies more than 40 percent of the power for Alcoas 190,000-tonne-per-year Point Henry smelter in Australia. The Pittsburgh-based company said in June that it planned to keep the smelter open until mid-2014, although it had been placed under review earlier as London Metal Exchange aluminum tags fell (amm.com, June 29).
Three-month aluminum ended the LMEs official session at $1,896 per tonne April 9, off 12 percent from a 2013 high of $2,165.50 Feb. 15.