Alcoa announced Thursday that it will permanently close its 269,000 metric ton Warrick Operations smelter in Evansville, Indiana by the end of the first quarter 2016.
The rolling mill and power plant at Warrick Operations will continue to operate.
“We recognize how deeply this decision impacts employees and we are committed to work closely with our employees, unions and community stakeholders to support them through this transition,” said Roy Harvey, President of Alcoa’s Global Primary Products, in a statement on Alcoa’s website yesterday. “Despite the hard work of employees, these assets are not competitive. We’re confident that these actions are the right ones in face of these challenging market conditions.”
In 2015, the Midwest transaction aluminum price dropped approximately 30 percent, and the Alumina Price Index fell approximately 40 percent.