Century Aluminum’s net sales decrease in Q3
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Update time : 2023-11-10 19:29:08
US-based Century Aluminum Company posted its net sales of US$545.2 million in the third quarter of 2023, falling by 5% compared to the previous quarter, mainly due to a decrease in realized aluminum prices.
During the period, the company’s net loss attributable to stockholders totaled US$42 million, compared to a net income of US$7.5 million in the preceding quarter. The adjusted EBITDA also plummeted by 68.5% quarter on quarter to US$9.3 million.
In the third quarter, Century Aluminum’s aluminum shipments amounted to approximately 172,000 tons, down by 0.95% quarter on quarter.
However, the company successfully completed the Mt. Holly land sale and received US$26 million in proceeds, reducing its total debt by US$41.4 million to US$512 million as of the end of September this year.
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
