Loss-plagued Century sees better times ahead

Feb 20, 2014 | 06:03 PM |

Tags  Century Aluminum, Michael Bless, earnings, LME, aluminum prices, Sebree, Hawesville, Mt. Holly Ravenswood facility

CHICAGO — Century Aluminum Co.’s losses widened in the fourth quarter as ramped up sales couldn’t make up for lower prices.

But the Chicago-based aluminum producer insisted that its prospects were strong in 2014 thanks in part to plant closures elsewhere and better demand, according to commentary released with earnings data Feb. 20.
“Markets are presently exhibiting significant uncertainty due to a variety of well publicized factors. Our industry is highly susceptible to these trends in the short-term,” Century president and chief executive officer Michael A. Bless said in a statement. “However, our confidence in more attractive future market conditions has only increased.” ....

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