Noranda Aluminum hit by commodity crash, seeks bankruptcy

February 8, 2016

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Noranda Aluminum Holding Corp, which smelts and refines aluminium and mines bauxite, filed for bankruptcy on Monday and joined a growing list of commodity-related businesses in Chapter 11.

Over the past year scores of commodity-related businesses have filed for bankruptcy as prices for metals, energy and coal have plummeted amid a slowdown in markets such as China and Brazil.

Category: General