It was reported that Century Aluminum has reached a three-year power agreement with Santee Cooper, which will help its Mount Holly plant relaunch a second pot line.
The new agreement will come into force on April 1. According to the contract, Century Aluminum will be allowed to purchase electricity at a fixed price, and the firm will restart another 25% of the production capacity at its plant which was closed in mid-2019.
Craig Conti, Chief Financial Officer at Century Aluminum, said that the resumption was estimated to cost US$5 million, and the firm is also planning to invest US$50 million to rebuild the cells in the production line, which will let the plant reach an annual production capacity of 170,000 tons.
Century Aluminum reaches new power agreement with Santee Cooper
5 Mar 2021 15:58 reported by Joy Liu
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