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Jamalco profits from metals price spike

Century Aluminium says higher metal prices have benefited Jamalco, and the refinery returned to profitability in the March quarter.
 
The size of the sales revenue and profit were not disclosed.
 
Since the start of the year, alumina prices have risen by one-fifth to US$415 per tonne which implies improved revenue for Jamalco.
 
Last year, Century acquired 55 per cent of Jamalco from Hong Kong-based Noble Group. 
 
The Government of Jamaica owns the other 45 per cent through Clarendon Alumina Partners.


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