Century Aluminum returns to profit, warns of uncertainty

Apr 26, 2013 | 10:05 AM | Michael Cowden

Tags  Century Aluminum, Michael Bless, earnings report, Hawesville, Ravenswood, Iceland, power negoatiations, aluminum Michael Cowden

CHICAGO — Century Aluminum Co. returned to profitability in the first quarter but warned that market volatility has increased.

"Overall we continue to expect medium- and longer-term global trends to be favorable and are thus executing our strategic plans," president and chief executive officer Michael Bless said in a statement released with earnings data after the market close April 25. "We are, however, working to preserve considerable flexibility in the present uncertain environment."

Among the concerns Bless cited were mixed economic data out of China, which he said showed industrial and consumer activity still growing but at a slower pace. Growth in emerging markets also has slowed, and economic conditions in Europe remain difficult.....

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