CAPITAL MARKETS

Noranda to mothball magnesium plant

NORANDA expects to close the doors of its Magnola magnesium plant in Quebec for at least a year until prices improve and will take a US$630 million charge in the fourth quarter on the value of the business.

MiningNews.Net
Noranda to mothball magnesium plant

Both moves are part of what the Canadian metals producer said was an effort to "respond to major structural changes which have taken place in the global magnesium industry". Noranda, one of the world's...

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