It compares to a $107.1M loss from the quarter a year ago. The recent quarter’s results were positively impacted by a gain on forward contracts of $9.3M related to LME price protection options, the company said.
Cost of sales for the quarter included a $16.0M charge for the portion of power costs at Hawesville and a $7.0M charge for lower of cost or market inventory adjustments.
Last year’s second quarter results were impacted by a loss of $73.2M related to the sale of the Gramercy Alumina and St Ann Bauxite joint ventures and a charge of $9M related to costs of production curtailments at the Ravenswood, WV and Hawesville, primary smelters.
It said negotiations were continuing on new labour contracts for its Hawesville, KY smelter. Shipments of primary aluminium for the quarter totaled 144580t compared with 145 693t in the year-ago quarter.