Century Aluminum, a US-based holding company producing primary aluminum and operating aluminum reduction facilities, announced its operating performance of the fourth quarter and full year of 2019.
According to the report, Century Aluminum’s net sales had a quarter-on-quarter decrease of 1% to US$435.5 million in the fourth quarter due to the decline in LME prices, but the increase in sales and product premiums partially offset the price. The firm’s net sales also dropped by 18% to around US$1.84 billion in 2019 compared to the previous year.
Besides, Century Aluminum had a net loss of US$4.8 million in the fourth quarter of 2019, and the net loss in 2019 was US$80.8 million.
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