Chicago-headquartered primary aluminum maker Century Aluminum’s shipments trended flat at 811,176mt in 2020, compared with 811,244mt in 2019. In Q4 2020, shipments fell to 194,940mt compared to 202,870mt in Q4 2019.
The company’s chief executive officer, Michael Bless, said that primary aluminum supply has been tight in the past year, justifying high premiums for products. However, Century has not witnessed any unforeseen increases in input costs due to the pandemic. The company expects aluminum prices to remain strong and translate into good financial performance for the company.
Its sales in 2020 fell to $1.5bn from $1.7bn in the previous year while sales in the fourth quarter of the year tallied at $388.6mn, compared with $422.7mn during the same quarter in 2019.The aluminum producer’s net sales in 2020 declined to $1.6bn from $1.8bn in 2019.
Century Aluminum’s adjusted EBITDA rose to $2.2mn last year compared to a EBITDA loss of $31.2mn in 2019. Its adjusted EBITDA in Q4 2020 rose to $800,000 compared to a loss of $31.4mn in Q3 2020.