Century Aluminum Reveals Resumption Of Normal Shipping Operations At Jamalco's Rocky Point Port
Portfolio Pulse from Benzinga Newsdesk
Century Aluminum announced the resumption of normal shipping operations at Jamalco's Rocky Point Port. However, in Iceland, power curtailments for maintenance will reduce production at the Grundartangi smelter by 2,500 MT in Q3.
September 17, 2024 | 11:42 am
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Century Aluminum's shipping operations at Jamalco's port have resumed, but power curtailments in Iceland will reduce production by 2,500 MT in Q3.
The resumption of shipping operations is positive, but the production cut in Iceland due to power curtailments is likely to negatively impact Century Aluminum's short-term output and potentially its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90