FOOTHILL RANCH, Calif. (AP) -- Aluminum products maker Kaiser Aluminum Corp. said it will add surcharges to all new orders of fabricated aluminum products beginning July 1 to offset rising costs for natural gas, electricity and diesel fuel.
The company said commodity prices for natural gas and diesel fuel was about 60 percent higher in May compared with the average 2007 price.
"These energy prices are spiraling and highly volatile, so we've elected to introduce a surcharge as the most transparent method to recover these costs," Chief Executive Jack A. Hockema said.
The company said the charges will be based on indexes provided by the U.S. Department of Energy and will be updated monthly.
