Copying and distributing are prohibited without permission of the publisher

Noranda optimistic despite profits falling 96.3% in Q1

April 25, 2013 - 12:35 GMT Location: Chicago

KEYWORDS: Noranda , Layle Smith , Kip Smith , London Metal Exchange , aluminium price

Noranda Aluminum Holding Corp’s earnings plummeted in the first quarter amid lower aluminium prices on the London Metal Exchange, higher energy costs and lower sales.

However, the Franklin, Tennessee-based aluminium producer remains optimistic about the rest of 2013 despite grappling with liquidity issues, the company said on Wednesday April 24 in an earnings statement. "We are evaluating and taking appropriate actions to manage our liquidity position and provide for prudent investment in long-term growth," Noranda president and ceo Layle K...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

subscribe to this feed Comment & analysis

Upcoming Events

MB Glossary

From Aluminium to Zinc...
Search this free glossary on metals

Try the new Metal Bulletin BETA site...

We've added some great new features and tools which we think you'll find useful:

  • Easier to use navigation including links to new sections
  • Cleaner interface for the Price Book with easier to use data views
  • More dedicated pages for specific metals e.g chrome, antimony, nickel
  • Better search tools for news and prices with handy filters

Simply click 'Yes please' below to go straight to the BETA site
(Please note: you will need to log into the BETA site on your first visit. Plus you can return to the original site any time you wish)