- Associated Press - Thursday, January 7, 2016

NEWBURGH, Ind. (AP) - Alcoa says it will permanently close its Warrick Operations smelter in southwestern Indiana, eliminating 600 jobs.

Alcoa said Thursday it will close the 269,000-metric ton smelter east of Evansville by the end of the first quarter 2016.

The company says the Warrick Operations’ rolling mill and power plant will continue to operate. However, it will cut alumina production by 1 million metric tons by mid-year. It says that includes cutting the remaining 810,000 metric tons of refining capacity at its Point Comfort operations in Texas.

Alumina is used in the production of aluminum.

The company cited market conditions for the moves: It says the Midwest transaction aluminum price dropped by about 30 percent last year and the Alumina Price Index fell about 40 percent.

___

This story has been corrected to show Alcoa is cutting alumina production by 1 million metric tons, not aluminum production.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide