Glencore to take 20% in Kentucky aluminium operation

SWISS-based commodities giant Glencore is to take a 20% stake in the Hawkesville, Kentucky primary aluminium plant being acquired from Southwire by Century Aluminium.

In August, Century completed a definitive agreement to acquire the 237,000 tonne a year plant for US$460 million plus the assumption of US$8 million in industrial revenue bonds.