HAWESVILLE, Ky. - Century Aluminum is closing one of five potlines at its Hawesville smelter, idling 120 workers amid a dramatic decline in aluminum prices.
The production halt was to begin immediately, the company said Tuesday, and will be completed over several days. The move will reduce production by up to 4,370 tons of aluminum a month. The Hawesville smelter has produced up to 250,000 tons each year.
Company officials said the production cuts are needed to reduce losses and conserve cash.