In the Q2, Century Aluminum Company's corporate clients experienced a decline by -11.06 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -11.04 %. During the corresponding time, Century Aluminum Company recorded a revenue increase by 19.74 % year on year, sequentially revenue grew by 15.85 %. While revenue at the Century Aluminum Company's corporate clients recorded rose by 10.41 % year on year, sequentially revenue grew by 9.91 %.
Customers of Century Aluminum Company saw their costs of revenue decline by -11.06 % in Q2 compare to a year ago, sequentially costs of revenue were trimmed by -11.04 %, for the same period Century Aluminum Company recorded revenue increase by 19.74 % year on year, sequentially revenue grew by 15.85 %.
Century Aluminum's Comment on Sales, Marketing and Customers
Glencore purchases substantially all of the aluminum produced at our North American
smelters pursuant to that certain sales agreement, effective as of December 31,
2014 (the "U.S. Sales Agreement"). Under the U.S. Sales Agreement, Glencore
purchases our aluminum on a take or pay basis at prices determined by reference
to the LME price for primary aluminum, plus the Midwest regional delivery premium
(the "Midwest Transaction Price") plus additional negotiated product
premiums.
Century Aluminum’s Comment on Sales, Marketing and Customers
Glencore purchases substantially all of the aluminum produced at our North American
smelters pursuant to that certain sales agreement, effective as of December 31,
2014 (the "U.S. Sales Agreement"). Under the U.S. Sales Agreement, Glencore
purchases our aluminum on a take or pay basis at prices determined by reference
to the LME price for primary aluminum, plus the Midwest regional delivery premium
(the "Midwest Transaction Price") plus additional negotiated product
premiums.
Sources:
Century Aluminum Company’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Century Aluminum Company’s corporate clients.
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