Noranda Aluminum Files For Bankruptcy

(AP) — One of North America's biggest makers of aluminum foil is seeking bankruptcy protection to restructure, citing falling aluminum prices and other market challenges that also will force it to idle production at a Missouri smelter. Noranda said Monday that declining aluminum prices, incidents at the New Madrid plant, high electricity prices, failed arbitration with the Jamaican government and a below-market contract with a key customer prompted the bankruptcy filing.

Topics:  ap    one   north america   missouri   noranda   new madrid   jamaican   aluminum   bankruptcy   prices   
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