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(AMM) 'Voluminous work' needed before Century will reopen Ravenswood
April 29, 2010 - 17:23 GMT
Location:
New York
KEYWORDS:
Century Aluminum
,
Ravenswood
Century Aluminum Co. will not restart its shuttered smelter in Ravenswood, W.Va., until new energy rates and labor contracts are agreed to and aluminum prices are sustained at higher levels.
"We don't see an imminent restart at Ravenswood," Logan Kruger, president and chief executive officer, said in the company's first-quarter conference call.
"Voluminous work is in order to restart the plant," Wayne Hale, executive vice president and chief operating officer, agreed.
The 170,000-tonne-per-year smelter, which was idled in February 2009 amid deteriorating market conditions, is a contender for a restart with London Metal Exchange aluminum prices remaining high, according to analysts.
The smelter's economics make sense at prices sustained...
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Euromoney Institutional Investor PLC.
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