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Thursday, June 30, 2022

Century Aluminum In Kentucky Shuts Down Due To High Energy Prices -- June 30, 2022

I'll be off the net in a few minutes for about two hours, but I will leave you with this, sent to me by a reader the other day.

This is in Hawesville, KY, USA, where energy prices are probably a third of what they are in Germany.

From Manufacturing Business Technology:

The Century Aluminum plant in Hawesville, Kentucky, is shutting down production due to rising energy costs.

In a statement, the company says the plant idling is the "direct result of skyrocketing energy costs," specifically blaming the Russian war in Ukraine for the dramatic increase.

The production stoppage will impact some 628 workers, who will be laid off at the second-largest employer in the area, according to the Messenger-Inquirer.

The company will close the smelter for nine to 12 months, beginning Monday, until energy prices return to normal levels. The company only gave employees about three days' notice, informing them of the closure last Wednesday. 

Is "recession" spelled with one "c" or two?

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