Referenced Stocks

Market Chatter: Century Aluminum Rejects Smelter Proposal; Shares Slip 3%

By Midnight Trader,  October 10, 2012, 02:22:33 PM EDT

Century Aluminum ( CENX ) has rejected a proposal to help restart its West Virginia smelter after the electricity rate offer from the state fell short of its needs, SeekingAlpha reported.

CENX shares are down 2.7% to $7.14 in afternoon trade, and are moving within a 52-week range of $5.52 - $12.30.

The utility regulator had proposed allowing a special electricity rate for up to 10 years, but the ruling also would've held the company responsible for making up the difference between that rate and actual power costs. The company says it's reviewing alternatives.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: CENX



Latest News Video

Toronto Mayor Rob Ford: 'I Do Not Use Crack Cocaine'
Toronto Mayor Rob Ford: 'I Do Not U...
Nasrallah Says Hezbollah Will Bring Victory in Syrian Conflict
Nasrallah Says Hezbollah Will Bring...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.24 0.03  0.23%
FB $ 24.32 0.74  2.95%
SIRI $ 3.58 0.04  0.99%
GE $ 23.53 0.13  0.55%
PFE $ 29.04 0.07  0.24%
MSFT $ 34.27 0.12  0.35%
INTC $ 23.93 0.12  0.50%
P $ 16.43 0.73  4.25%