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Noranda optimistic despite profits falling 96.3% in Q1
April 25, 2013 - 12:35 GMT
London Metal Exchange
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...
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