Anglesey Quality Aluminium Table Metal (AAM) Limited, the Holyhead based smelter, faces some very difficult choices over the next two to three years. With the impending closure of Wylfa Power Station on Anglesey in 2010, the aluminium smelter urgently needs to secure an alternative supply of electricity. The existing continuous 250 MW electricity baseload supply contract with Wylfa has been a long term one, so providing stability and certainty. With the closure of the Wylfa nuclear plant, that certainty framework disappears and AAM is urgently searching for a viable solution.
Quality Aluminium Table
Jointly owned by Rio Tinto (51%) and US-based Kaiser Aluminium and Chemical Corporation (49%), Anglesey Aluminium Metal has been a major supplier of aluminium metal for extruding, rolling and re-smelting to UK and European markets since it started at Holyhead in 1971. With over 500 highly paid posts at the plant, closure would be a severe blow to the local economy, which will need to readjust to the closure at Wylfa. David Bloor, Anglesey Aluminium MD,reckons there are in effect four options on the table. Firstly, the smelter could negotiate and secure another long term (10-15 years) contract on the open electricity market as in the past.