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Century Aluminum shuts potline at Kentucky smelter

Reuters - UK Focus

NEW YORK, Sept 9 (Reuters) - Century Aluminum Co (NasdaqGS: CENX - news) , which is owned by Glencore PLC (Xetra: A1JAGV - news) said on Wednesday it will close a potline at its Hawesville, Kentucky, smelter immediately as the U.S (Other OTC: UBGXF - news) . producer prepares to shut the entire plant by the end of next month.

Shutting the line at the 255,000-tonne-per-year plant will cut output by about 51,000 tonnes per year.

The plant will be operating at about 60 percent of capacity, down from 80 percent, as a result of the move, the company said.

Late last month, the company announced plans to shutter the smelter by the end of October due to weak prices and a global surplus. (Reporting by Josephine Mason, Editing by Franklin Paul)