Advertisement
Singapore markets close in 5 hours 29 minutes

  • Straits Times Index

    3,274.45
    -13.30 (-0.40%)
     

  • Nikkei

    37,780.35
    +151.87 (+0.40%)
     

  • Hang Seng

    17,617.90
    +333.36 (+1.93%)
     

  • FTSE 100

    8,078.86
    +38.48 (+0.48%)
     

  • Bitcoin USD

    64,367.25
    +45.77 (+0.07%)
     

  • CMC Crypto 200

    1,391.03
    +8.46 (+0.61%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • Dow

    38,085.80
    -375.12 (-0.98%)
     

  • Nasdaq

    15,611.76
    -100.99 (-0.64%)
     

  • Gold

    2,344.80
    +2.30 (+0.10%)
     

  • Crude Oil

    83.80
    +0.23 (+0.28%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • FTSE Bursa Malaysia

    1,573.32
    +4.07 (+0.26%)
     

  • Jakarta Composite Index

    7,113.81
    -41.48 (-0.58%)
     

  • PSE Index

    6,554.08
    -20.80 (-0.32%)
     

Why Century Aluminum Stock Crashed Today

Rich Smith, The Motley Fool
·2-min read

Shares of aluminum producer Century Aluminum (NASDAQ: CENX) crashed on Thursday, falling 18.6% through 2:50 p.m. ET after the company announced that it will idle its Hawesville, Kentucky, aluminum smelter in response to "skyrocketing energy costs." "The power cost required to run our Hawesville, KY, facility has more than tripled the historical average in a very short period," CEO Jesse Gary said, and "this makes it necessary to temporarily curtail operations for approximately nine to 12 months until energy prices return to more normalized levels." For one, it means a big drop in production capacity over the next year.

Continue reading