Second-Largest U.S. Aluminum Mill Idles Due to 'Untenable' Energy Prices, Laying Off 600 American Workers

Second-Largest U.S. Aluminum Mill Idles Due to 'Untenable' Energy Prices, Laying Off 600 American Workers

Second-Largest U.S. Aluminum Mill Idles Due to 'Untenable' Energy Prices, Laying Off 600 American Workers
Aug 10, 2022 1 min, 7 secs

The second largest aluminum mill in the United States has idled operations, laying off about 600 American workers, due to “untenable” electricity and energy prices.

executives announced that they would idle the Hawesville, Kentucky aluminum mill for about 9 to 12 months as a result of skyrocketing prices to merely keep the plant’s lights on.

Similarly, executives with two steel mills are suspending operations because they cannot afford the costs of energy to keep the plants open.

At least two steel mills have begun suspending some operations to cut energy costs, according to one industry executive, who asked not to be identified because the information isn’t public.

In May, a group of factories across the US Midwest warned federal energy regulators that some were on the verge of closing for the summer or longer because of what they described as “unjust and unreasonable” electricity costs.

CEO Jesse Gary said the temporary closure of Hawesville — which resulted in the layoffs of about 600 American workers — was a result of “untenable” energy prices.

“Elevated energy prices also resulted in an unfortunate decision to curtail our Hawesville operations,” Gary said:.

While this decision was difficult, it was necessary given relatively high energy consumption of the Hawesville smelting technology and lack of value-added casthouses, which made the financial economics of continuing to run the smelter untenable at these energy prices.

1 North West Wears Full Leather Face Mask in Paris During Fashion Week - TMZ

Oct 01, 2022 # politics 33 secs

2 'SNL' spoofs Adam Levine, Armie Hammer cheating scandals in premiere - USA TODAY

Oct 02, 2022 # entertainment 49 secs

3 Ação da 3R Petroleum (RRRP3) salta 10% com avanço do petróleo e BofA vendo potencial de alta acima de 100% para ativos

Oct 04, 2022 # breaking 1 min, 10 secs

4 Watch live early Thursday: Cosmonauts departing space station - Space.com

Sep 29, 2022 # science 1 min, 18 secs

5 Taylor Swift reveals the sixth title on her new album Midnights is called Midnight Rain - Daily Mail

Sep 28, 2022 # entertainment 30 secs

6 Trump staffers not returning White House records, National Archives says - Reuters

Oct 02, 2022 # politics 1 min, 8 secs

7 NFL Power Rankings, Week 5: 49ers vault back into top five, send Rams tumbling out of top 10 - NFL.com

Oct 04, 2022 # politics 4 mins, 19 secs

8 Norman Reedus with fiancée Diane Kruger, son, and mom while getting a star in Hollywood - Daily Mail

Sep 28, 2022 # entertainment 1 min, 21 secs

9 Vampire Survivors Is Once Again the Most-Played Steam Deck Game in September 2022 - IGN - IGN

Oct 01, 2022 # technology 33 secs

10 The Best Horror, Sci-Fi, and Fantasy Streaming in October 2022 - Gizmodo

Sep 30, 2022 # entertainment 55 secs

11 U.S. citizen allowed to leave Iranian prison for a week

Oct 02, 2022 # breaking 1 min, 24 secs

12 Hugh Jackman’s Wolverine in ‘Deadpool 3’ Is Different from the One that Died in ‘Logan’ - IndieWire

Sep 28, 2022 # entertainment 1 min, 4 secs

13 God Of War: Ragnarok Leak Reveals Possible Playtime - GameSpot

Oct 04, 2022 # technology 11 secs

14 'Vitally important' international community condemns Putin's nuclear threat: Sen. Marsha Blackburn | Fox News Video

Oct 03, 2022 # breaking 8 secs

15 Dow Jones Rises Ahead Of Powell Speech; 10-Year Treasury Yield Briefly Tops 4%; Apple Dives - Investor's Business Daily

Sep 28, 2022 # politics 1 min, 51 secs

16 Has Verizon really released stable Android 13 update to the Galaxy S22? - SamMobile - Samsung news

Sep 29, 2022 # technology 54 secs

Get monthly updates and free resources.


© Copyright 2022 365NEWSX - All RIGHTS RESERVED