首页|Kaiser Aluminum: Mead, Tacoma smelters to remain curtailed
Kaiser Aluminum: Mead, Tacoma smelters to remain curtailed
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NSTL
U.S. producer Kaiser Aluminum is to leave its idled smelters in the U.S. Pacific Northwest offline while the company is in Chapter 11 and has waived its "take or pay" contract with local power authority Bonneville Power Administration until Sept. 30, a company spokesman said. 'The Chapter 11 filing has no impact on the status of Mead and Tacoma. They remain curtailed," he said. "Any decision about potential restart will continue to be based largely on market conditions, specifically the combination of metal price and power price," he continued, adding: "We have a waiver of the 'take of pay' provision of our BPA contract through Sept. 30 of this year. "Prior to this, the end of March was to be the next available time the company would have been able to consider restarting production since output was taken off due to higher power and weak aluminum prices in the region. Under the terms of a take or pay deal, smelters can opt to either use the power contracted to them by the BPA to restart capacity, or allow the BPA to sell the power back to the spot market and pay for the difference between the contract price and the spot price achieved.
NSTL
