Century Aluminum up 4% on Q2 earnings beat

Friday, Aug 03, 2018

   Century Aluminum (CENX +4.4%) reports 21.1% increase in Q2 primary aluminium sales to $468.6M, despite shipments decrease 1.4% to 180,220 tons as a result of equipment failure at the Sebree smelter.

  Consensus forecasts a global deficit for primary aluminum in 2018, despite a surplus in China of ~1M metric tons; however CENX says industry conditions to be "generally favorable".
  The company estimates that by the end of 2018 US primary aluminium to increase by ~60% from 2017 levels.
  Previously: Century Aluminum beats by $0.07, beats on revenue (Aug. 1)

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