Brazil Ponders Fate of Key Aluminum Ingredient Maker
- Judge expects to rule on Alunorte refinery case in 15-30 days
- Company says it has proof there was no spill or contamination
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The largest plant for a key aluminum ingredient will know within a month whether it can go back to full production, as a partial shutdown adds further uncertainty to a market rattled by Russian sanctions.
Norsk Hydro ASA’s giant Alunorte alumina refinery in Brazil has been running at 50 percent since a late-February court order amid accusations that a rainstorm led to contamination of an Amazonian river. Now Judge Leonam Gondim da Cruz Junior of the Para state court has the task of weighing two opposing assessments of what happened after the plant was besieged by heavy rains.