Aluminum Co. is vying with Noranda Aluminum Holding Corp.,
Aminco Resources LLC and Bognar & Co. Inc. for carbon
anodes on sale from bankrupt aluminum producer Ormet Corp.,
according to court documents.
Noranda wants to buy 17,086 tonnes of anodes stored at
Ormets Hannibal, Ohio, location for $2.9 million, or $170
per tonne, as well as 688 tonnes of aluminum fluoride for
$619,200, or $900 per tonne, for a total consideration of more
than $3.5 million, according to documents filed Dec. 4 in U.S.
Bankruptcy Court in Delaware.
Noranda said its bid
is superior to Chicago-based Centurys because Ormet will
receive a better deal by selling the anodes at its Hannibal
facility and others stored in Baltimore separately. The
aluminum producer also noted that it is offering to buy all of
the anodes at Hannibal for $40 per tonne more than
Centurys offer in addition to making an offer on aluminum
fluoride that Century hasnt sought to buy.
Resources is looking to buy 34,741 tonnes of anodes stored by
Ormet at the Rukert Terminal in Baltimore for nearly $4.6
million, or $132 per tonne, according to court documents. White
Plains, N.Y.-based Aminco supplies carbon products to the
primary aluminum and steel industries, according to its
Also joining the fray
is Bognar, which has offered to buy 6,000 tonnes of anodes from
Ormets Hannibal facility for $958,800, or $159.80 per
tonne. Pittsburgh-based Bognar supplies carbon products to the
steel and foundry industries, according to its website.
Century in November
agreed to buy 42,841 tonnes of baked carbon anodes from
Hannibal-based Ormet for nearly $5.6 million, or $130 per
tonne. Competing offers were due Dec. 4 (
amm.com, Nov. 25).
Ormet, which filed for
Chapter 11 bankruptcy protection in February, had said it is
trying to sell what it considers to be excess assets, including
raw materials such as alumina, anodes, caustic soda and bauxite
amm.com, Oct. 16).
Switzerland-based Trafigura AG has inked a pact to pay nearly
$9 million, or $281 per tonne, for 32,000 tonnes of alumina
offered for sale by Ormet, outbidding Baar, Switzerland-based
Glencore Xstrata Plc in an auction for the material (
amm.com, Nov. 22).