1 Stock Looks Like It’s Really in Trouble: Frontline Ltd. (FRO), Century Aluminum Co (CENX), North American Palladium Ltd (PAL)

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Century Aluminum Co (NASDAQ:CENX) also reported earnings that tarnished it with investors. While losses narrowed from $0.35 a share to $0.08, sales were lower than a year ago although volumes were higher. That speaks to the tough pricing environment aluminum producers find themselves in, but Century Aluminum Co (NASDAQ:CENX) believes the overall market is leveling out as the U.S. economy improves and the risk of sovereign defaults has eased.

The problem for it has been the costs associated with the electricity rates it pays at Hawesville and Ravenswood. It’s advised the local utility at the former smelter of its intent to pull out of its contract if it can’t get a better price, which would likely lead to a shutdown of the utility and the smelter. It’s working to negotiate better rates too at Ravenswood and believes it’s far along the path to reopening the smelter there.

The article 1 Stock Looks Like It’s Really in Trouble originally appeared on Fool.com and is written by Rich Duprey.

Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned.

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