Century Aluminum's net sales down by 26% in Q3
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Update time : 2022-11-09 21:12:32
Century Aluminum, a US-based primary aluminum producer, reported that its shipments in the third quarter dropped by 19% quarter on quarter to around 173,700 tons. Meanwhile, the company's net sales fell by 26% quarter on quarter to US$637 million, mainly due to a decrease in aluminum prices and sales during the period.
In the third quarter, compared to the previous quarter’s data, Century Aluminum's net income was US$44.3 million, an increase of US$6.9 million. The adjusted net loss was US$34.2 million, a decrease of US$64.6 million. The adjusted EBITDA was a loss of US$35.9 million, down by US$122.5 million, due to lower LME metal prices, lower regional premiums, as well as increased costs of energy and other raw materials.
