Posts Tagged ‘aluminum’
Alcoa Pays Chelan PUD $62 Million, Says Reopening Of Malaga Smelter Still Possible
Yesterday, Tuesday June 19, was the deadline for Alcoa to either restart the smelter in Malaga or pay $62.4 million to the Chelan PUD. The global distributor of aluminum and bauxite announced Monday evening it will permanently close one of five potlines at the fully curtailed facility and make the payment to the PUD. The…
Read MoreFinancial Wanderings with Brad Blackburn – North Korea, Housing Market, Aluminum Tariffs
Brad Blackburn with Blackburn Financial in Cashmere joins Dan Langager in your Financial Wanderings to talk about the wild swings in the stock market the last couple weeks and whether that’s cause for concern or just the market righting itself. Blackburn said while there’s the potential for an economic downturn, he remains mostly positive.
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Alcoa Meets With Local Leaders, No Decision Yet On Reopening Malaga Smelter
The strain on both the local economy and residents laid off from Alcoa’s Wenatchee Works smelter are still being felt across the two-county area. Following the idling of the plant’s main operations in December of 2015, the question has been: Will it ever reopen. A June deadline means Alcoa has to make a decision on…
Read MoreAlcoa, Chelan PUD Negotiating Smelter Idling Fee Extension
Negotiations between the Chelan County PUD and Alcoa Corp. over the idled Wenatchee Works smelter are coming to a head. PUD Commissioners yesterday reviewed a staff recommendation to proceed with a contract amendment negotiated with Alcoa that would give Alcoa more time to decide whether to restart the aluminum smelter. The proposed amendment would allow…
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