After battling the aftermath of Hurricane Beryl, Jamalco, a cornerstone in the production of alumina, has made a remarkable comeback. Despite facing setbacks due to the storm, the company has managed to resume full production, showcasing resilience and adaptability in the face of adversity. Let’s delve deeper into the details of Jamalco’s journey post-hurricane:
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Return to Full Production:
- Initially operating at 80% capacity after the storm, Jamalco has successfully ramped up its production to meet its targeted goal of 1.2 million tonnes per annum in the second quarter.
- The President and CEO of Century Aluminum Company, Jesse Gary, commended the team’s efforts in swiftly restoring operations, emphasizing that the refinery has returned to full production levels despite the challenges encountered.
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Alternative Port Arrangements:
- Following the damage inflicted on the Rocky Point port facility by Hurricane Beryl, Jamalco had to pivot and secure alternative port arrangements to ensure the continuous shipment of alumina to its global customers.
- Gary highlighted that while the main port of export, Rocky Point, remains out of commission, the company has implemented alternative solutions to facilitate the export of alumina off the island seamlessly.
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Century Aluminum’s Resilient Quarter:
- Century Aluminum Company witnessed an overall positive momentum in the second quarter, with an adjusted EBITDA of US$34 million, driven by improved operating results and rising aluminium prices.
- The company’s performance was bolstered by a 19% increase in alumina prices, attributed to tight market conditions and favourable trade policies in the United States and Europe.
- Future Outlook:
- As the global alumina markets continue to be volatile, Jamalco’s stability remains pivotal for Century Aluminum Company to navigate supply disruptions and capitalize on the rising prices.
- Gary expressed confidence in the future demand for aluminium, particularly in sectors like renewable energy and electrification, foreseeing a positive trajectory for the company amidst evolving market trends.
In conclusion, Jamalco’s unwavering commitment to overcoming challenges and maintaining operational efficiency post-Hurricane Beryl exemplifies its importance as a strategic asset for Century Aluminum Company. While the reliance on alternative port facilities may pose logistical hurdles in the interim, the company remains optimistic about its future prospects and the role it plays in meeting global market demands.
