Concord Resources signs supply, metal offtake agreement with Aldel aluminium smelter

Concord Resources has signed an exclusive multi-year alumina supply and metal offtake agreement with the Aldel aluminium smelter in the Netherlands, the trading company confirmed on Monday.

Under the agreement, Concord will be the exclusive alumina supplier to Aldel and will also offtake a proportion of Aldel’s aluminium billet production, the note went on to say.
The smelter recently went through a change of ownership. US-headquartered hedge fund, York Capital agreed to purchase the DAMCO Aluminium Delfzijl Cooperatie U.A or ‘Aldel’ smelter from the now bankrupt Klesch Aluminium Delfzijl in October.

The smelter is currently operating at one-third of its 150,000 tonne...


Ian Walker

November 20, 2017

17:20 GMT