Century Aluminum reported a narrower third quarter loss Thursday, though the company admitted global economic concerns continue to weigh on growth.
For the third quarter, Century reported a net loss of $9.5 million, or 11-cents a share, which was down slightly from the $12 million, 14-cent per share loss during the same quarter one year ago.
The company reported sales of nearly $400 million for the quarter, up from about $305 million one year ago. Increased sales were the result of the company's purchase of a Sebree, Ky. aluminum smelter earlier this year.
Century CEO Michael Bless said the company continues to operate in "an uncertain global environment." He said a lack of momentum in the Chinese economy and political instability in the U.S. and Europe have increased that uncertainty.
However, Bless said the company has seen some "hopeful signs" of late, including relatively strong demand and a tightening of supply in the market.
Bless also said the company was continuing to discuss the possibility of restarting its Ravenswood plant, which closed in 2009.
While the company said a Public Service Commission special rate decision last year was not enough to allow it to restart the plant, Bless once again said officials were working to find another way to restart the smelter.
"While there is not a solution at hand ... discussions with the various parties remain active and we are committed to finding a solution," he said.