Following a filing for bankruptcy on Feb. 8, Noranda Aluminum announced it will close its New Madrid smelter in mid-March after it runs out of raw materials.
The smelter’s closure is expected to send ripples throughout one of the poorer regions in the state as a payroll estimated at $95 million in 2013 dries up.
The closure is the latest casualty of a plunge in the price of raw materials that has hammered everything from steel plants to coal companies. If all the announced aluminum closures and curtailments happen, there will be just four aluminum smelters still operating in the U.S., down from nine two years ago.
Read more: St. Louis Post-Dispatch