Noranda hit by sinking LME, Hurricane Isaac in third qtr.

Oct 24, 2012 | 05:45 PM | Suzy Waite

Tags  Noranda, third quarter earnings, Layle Kip Smith, aluminum, London Metal Exchange, Suzy Waite

NEW YORK — Noranda Aluminum Holding Corp.’s third-quarter 2012 net income plummeted 87.6 percent from the year-ago quarter as the price of aluminum on the London Metal Exchange declined and shipments were disrupted due to Hurricane Isaac earlier this summer.

Noranda reported net income of $3.8 million in the three months ended Sept. 30, down from $30.8 million in the same period last year, marking an 85-percent plunge from $25.3 million in the second quarter of 2012.....

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