Century Aluminum logs loss in qtr.

Apr 24, 2014 | 05:44 PM | Nathan Laliberte

Tags  Century Aluminum, Michael A. Bless, aluminum, earnings report, electricity rates, winter weather, primary aluminum, Nathan Laliberte

NEW YORK — Despite higher sales, Century Aluminum Co. spilled red ink in the first quarter due to severe weather across much of the United States, historically high electricity rates and a $3.1-million charge for increased legal reserves.

The Monterey, Calif.-based aluminum producer’s sales for the three months ended March 31 increased 31 percent from the same period last year, while direct shipments of primary aluminum were up 30.2 percent to 206,785 tons from 158,776 tons in the same comparison. ....

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