Liberty House mulls purchase of Alcoa's San Ciprian aluminum smelter
2020-08-13 11:59:35 [Print]
Liberty House has emerged as a strong candidate to buy Alcoa's 228,000mt/year San Ciprian aluminum smelter in Spain, with the two companies given a window of around seven weeks to reach an agreement in exclusive talks, the Spanish government says.
The formalization of talks between the two parties comes amid a series of proposals to guarantee ongoing industrial activity and jobs at the plant, where Alcoa has been negotiating layoffs for as many as 600 workers.
The companies have been given a deadline of Sept. 27 to reach an agreement, which Alcoa says has suffered "significant and recurring financial losses" that are expected to continue.
The formalization of talks between the two parties comes amid a series of proposals to guarantee ongoing industrial activity and jobs at the plant, where Alcoa has been negotiating layoffs for as many as 600 workers.
The companies have been given a deadline of Sept. 27 to reach an agreement, which Alcoa says has suffered "significant and recurring financial losses" that are expected to continue.
Aluminum Alloy ADC12 FOB China
Unit:USD/mt
China secondary aluminum alloy producers' inventory statistics by province by month
Unit: mt
