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...