Century questions ‘tight-lipped’ LME

Nov 05, 2013 | 05:05 PM | Michael Cowden

Tags  Century Aluminum Co., quarterly results, aluminum, regional premiums, LME, London Metal Exchange, warehousing policies, Michael A. Bless Shelly Harrison

CHICAGO — Regional premiums fell during most of the third quarter but have recently firmed and even increased slightly, Century Aluminum Co. executives said.

But the Chicago-based aluminum producer said uncertainty remained in premiums and warehouse stock forecasts given uncertainties around London Metal Exchange warehouse policies.

U.S. Midwest premiums fell from a high of 11.8 cents per pound before the LME proposed changes to its warehousing policies (amm.com, July 1) to a low of roughly 9.8 cents per pound, company president and chief executive officer Michael A. Bless said during a Nov. 4 conference call with analysts.....

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