15 APRIL 2016www.miningweekly.com
Alcoa strikes power deal to keep Intalco aluminium plant open
Edited by : AL CIRCLE
1 min read
Alcoa has agreed to a new power deal for its 279 000 t/y Intalco aluminium smelter in Washington state, according to a statement from its power supplier, staving off the closure of one of the last remaining US aluminium plants.
Both sides struck a deal starting on July 1 that would keep 2.5 potlines open at the plant, according to a posting on the Bonneville Power Authority (BPA) website.
The plant was slated to close by the end of June. Alcoa shuttered its 269 000 t/y Warrick smelter at the end of March, bringing US aluminium output to its lowest in more than 65 years as the industry struggles with low metal prices amid rising tensions with China.
Terms of the deal were not disclosed, but the BPA is seeking comment on the agreement by April 22.
Both sides struck a deal starting on July 1 that would keep 2.5 potlines open at the plant, according to a posting on the Bonneville Power Authority (BPA) website.
The plant was slated to close by the end of June. Alcoa shuttered its 269 000 t/y Warrick smelter at the end of March, bringing US aluminium output to its lowest in more than 65 years as the industry struggles with low metal prices amid rising tensions with China.
Terms of the deal were not disclosed, but the BPA is seeking comment on the agreement by April 22.
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