Century Aluminum Company reported a net loss of $(140.0) million for Q1 2021, with net sales of $444.0 million. The results were negatively impacted by $87.4 million of exceptional items, including $92.7 million of unrealized losses on forward derivative contracts. Adjusted EBITDA was $(19.7) million, primarily driven by higher power prices.
Shipments of 195,697 tonnes.
Net sales of $444.0 million.
Net loss of $(140.0) million, or $(1.55) per share.
Adjusted net loss of $(52.5) million, or $(0.54) per share.
Industry conditions have continued to improve, reflecting the pace and level of general manufacturing activity. The global primary aluminum market is in balance, and global inventories continue to fall. The availability of prompt metal units in our key markets remains constrained, driven by robust demand and the limited global capacity additions. The outlook for the industry remains uniformly healthy.
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