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Century Aluminum wants to buy Ormet material

Keywords: Tags  Ormet, excess assets, bankruptcy, Century Aluminum, ramming paste, copper rods, carbon anodes, alumina refinery

CHICAGO — Century Aluminum Co. wants to buy 26 tonnes of ramming paste from Ormet Corp. as the bankrupt aluminum producer continues a piecemeal sale of operations, raw materials and other assets.

Chicago-based Century is offering $985 per tonne—a total of $25,610—for the paste, which is packaged in 1-tonne "supersacks," according to documents filed in U.S. Bankruptcy Court in Delaware.

Hannibal, Ohio-based Ormet, which filed for Chapter 11 bankruptcy protection in February, has said it is trying to sell what it considers to be excess assets (, Oct. 16), including alumina, carbon anodes and copper rod (, Dec. 11). Ormet has already sold its alumina refinery in Burnside, La., to Almatis Inc. (, Dec. 13).

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