Century Aluminum(US:CENX)2025-08-07 21:00Financial Performance - Century Aluminum recorded $74 million in Q2 2025 Adjusted EBITDA [11] - Net sales were $628 million in Q2 2025 [32] - The company refinanced 750% Senior Secured Notes with new 6875% notes, extending maturity to 2032 [11] Market Conditions and Tariffs - Realized LME price was approximately $2,540/MT and realized MWP was approximately $850/MT in Q2 [9] - The Section 232 aluminum tariff rate increased to 50% on June 4, 2025, resulting in a spot MWP of approximately $1,600/MT or 72c/lb [9] - Global aluminum inventory levels remain at historic lows of 47 days [9] Operational Updates - Mt Holly plans to restart over 50,000 MT of idled production, aiming for full capacity utilization by Q2 2026 [9] - Grundartangi's production was slightly impacted due to a transformer outage [9, 11] - The company shipped 175,741 tonnes of aluminum in Q2 2025 [32] Q3 Outlook - Q3 2025 Adjusted EBITDA is projected to be between $115 million and $125 million [37] - This outlook includes an estimated hedge impact of $(10) million to $(5) million and a tax expense of $(5) million to $0 [37]