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Alcoa sees power disruptions hurting 2d-qtr. results

Keywords: Tags  Alcoa, Anglesea power plant, Point Henry smelter, Warrick power plant, aluminum, aluminum prices, William Oplinger, Suzy Waite


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 Alcoa’s 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 LME’s official session at $1,896 per tonne April 9, off 12 percent from a 2013 high of $2,165.50 Feb. 15.


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