The former Zalco facility, based in Vlissingen, The Netherlands, is currently curtailed and will provide an extra source of captive anode production for Century's Grundartangi, Iceland smelter.

The 150kt/y anode facility also could supply anodes to Century's smelter project in Helguvik, Iceland when the project is complete.

Century's President Michael A Bless said: “The acquisition of this facility, along with our 40% stake in Baise Haohai Carbon will allow us ultimately to supply all of our Icelandic anode requirements with captive production."

In anticipation of a restart of anode production in Q3 2013, Century intends to undertake a $45M investment programme, including capital expenditures, restart expenses and working capital, to modernise the anode facility and optimise production at its Grundartangi smelter and the planned Helguvik smelter.