8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): June 13, 2008

KAISER ALUMINUM CORPORATION

(Exact Name of Registrant as Specified in its Charter)

Delaware (State or Other Jurisdiction of Incorporation)	0-52105 (Commission File Number)	94-3030279 (I.R.S. Employer Identification No.)
27422 Portola Parkway, Suite 350 Foothill Ranch, California (Address of Principal Executive Offices)		92610-2831 (Zip Code)

(949) 614-1740
(Registrant’s telephone number, including area code)

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

On June 13, 2008, Kaiser Aluminum Corporation (the “Company”) announced that on June 12, 2008, Anglesey Aluminium Metal Ltd. (“Anglesey”), in which the Company has a 49% ownership interest, suffered a significant failure in its rectifier yard that resulted in a localized fire in one of the power transformers. The incident resulted in a loss of power across the smelter, and Anglesey employees are working to restore operational stability. The Company’s core fabricated products operations are not affected by this incident.

A copy of the press release issued in connection with this incident is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

     (d) Exhibits.

Exhibit
Number	Description
99.1	Press Release dated June 13, 2008.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

KAISER ALUMINUM CORPORATION (Registrant)
By:	/s/ John M. Donnan
	John M. Donnan
	Senior Vice President, Secretary and General Counsel

Date: June 13, 2008

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Kaiser Aluminum Comments on Fire at Anglesey Aluminium Metal Ltd.

FOOTHILL RANCH, Calif. — June 13, 2008 — Kaiser Aluminum (NASDAQ:KALU), a leading producer of fabricated aluminum products, said today that on June 12 Anglesey Aluminium Metal Ltd. suffered a significant failure in the rectifier yard that resulted in a localized fire in one of the power transformers. Anglesey is 49 percent owned by Kaiser Aluminum.

“We were heartened to hear that there were no injuries or environmental impacts to the community,” said Jack A. Hockema, chairman, president and CEO of Kaiser Aluminum.

The incident resulted in a loss of power across the smelter, and Anglesey employees are working to restore operational stability. Some capacity has been taken off line for safety and operational reasons. The smelter is currently operating at one third of its total capacity of 145,000 tons, and it is not yet clear how long it will take to restore full production.

“This incident does not affect our core Fabricated Products business and we are working with Anglesey to assess the financial impact, if any, of this situation on the company,” added Hockema.

Kaiser Aluminum, headquartered in Foothill Ranch, Calif., is a leading producer of fabricated aluminum products, serving customers worldwide with highly-engineered solutions for aerospace and high-strength, general engineering, and custom automotive and industrial applications. The company’s North American facilities annually produce more than 500 million pounds of value-added sheet, plate, extrusions, forgings, rod, bar and tube products, adhering to traditions of quality, innovation and service that have been key components of our culture since the company was founded in 1946. The company’s stock is included in the Russell 2000^® index. For more information, please visit www.kaiseraluminum.com.

F-1095

Certain statements in this release relate to future events and expectations and, as a result, constitute forward-looking statements involving known and unknown risks and uncertainties that may cause actual results, performance or achievements of the company to be different from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include: (a) the extent of damage to Anglesey’s equipment, (b) the ability of Anglesey employees to stabilize operations and restore production, (c) the cause of the incident at Anglesey, (d) the scope of insurance coverage available and (e) the other risk factors summarized in the company’s Form 10-K for the year ended December 31, 2007 and other reports filed with the Securities and Exchange Commission.

Investor Relations Contact:
Dan Rinkenberger
Kaiser Aluminum
(949) 614-1740

Public Relations Contact:
Geoff Mordock
Fleishman-Hillard
(323) 762-1818