12 MARCH 2013Bizjournals.com
Kentucky aluminum smelters decision may have larger ramifications
Edited by : AL CIRCLE
1 min read
A bid by Century Aluminum Co. to buy power on the open market in Kentucky could have larger implications for the troubled U.S. aluminum industry.
Reuters reports that benchmark aluminum prices have dropped more than 30 percent in less than two years, and high-cost electricity is challenging the troubled industry, which has many aging plants.
A Barclays analyst tells Reuters the Kentucky situation may force aluminum makers who cannot lower U.S. production costs to shift operations overseas.
Reuters reports that benchmark aluminum prices have dropped more than 30 percent in less than two years, and high-cost electricity is challenging the troubled industry, which has many aging plants.
A Barclays analyst tells Reuters the Kentucky situation may force aluminum makers who cannot lower U.S. production costs to shift operations overseas.
Previous article
Global Market view on Aluminium
Next articleSmelter worries 'dampen consumer spending'
Grow with
AL Circle
