Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Chicago-based Century Aluminum noted that it continues to focus on bringing more capacity online by completing its Mt Holly expansion and revamping output at the Hawesville smelter. The company sees strong demand from the global economy, led by both private and public expenditure. 


In the US and EU, Century noted that demand for value-added products has recovered fully and its low-carbon business is now touching all-time highs. However, its Q2 2021 earnings report detailed that production declined by 2.5pc to 190,894mt compared to 195,697mt in Q1 2021. 


Still, the company managed to make considerable revenue and profits, owing to the uptick in LME prices during the second quarter. Century reported net sales at $528mn in Q2 2021, over $444mn in the prior quarter. The company’s net loss reduced to $35mn from $104.9mn on a quarterly basis. 

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