CENTURY ALUMINUM CO | 2013 | FY | 3


Forward Physical Delivery Agreements
 
Primary Aluminum Sales Contracts
 
Contract
Customer
Volume
Term
Pricing
Glencore Grundartangi Metal Agreement (1)
Glencore
All primary aluminum produced at Grundartangi, net of tolling and other sales commitments
January 1, 2014 through December 31, 2017
Variable, based on LME and European Duty Paid premium
Southwire Metal Agreement (2)
Southwire
216 million pounds per year (high conductivity molten aluminum)
January 1, 2014 through December 31, 2014
Variable, based on U.S. Midwest Transaction Price


(1)
The Glencore Grundartangi Metal Agreement is for all metal produced at Grundartangi from 2014 through 2017 less commitments under existing tolling and other sales contracts.  Grundartangi currently estimates that it will sell Glencore approximately 155,000 tonnes of aluminum under this agreement in 2014.
(2)
Southwire may, at its option, increase the volume purchased under the agreement by up to four percent by adjusting their monthly metal commitment.
    
Tolling Contracts

Contract
Customer
Volume
Term
Pricing
Glencore Toll Agreement
Glencore
90,000 tpy
Through July 31, 2016
Variable, based on LME and European Duty Paid premium
Glencore Toll Agreement
Glencore
40,000 tpy
Through December 31, 2014
Variable, based on LME and European Duty Paid premium

Apart from the Glencore Grundartangi Metal Agreement, the Southwire Metal Agreement and the Glencore Sweep Agreement (which expired at the end of 2013), we had the following forward delivery contractual commitments:
Other forward delivery contracts
 
December 31, 2013
December 31, 2012
 
(in tonnes)
Other forward delivery contracts – total
118,373

88,827

Other forward delivery contracts – Glencore
20,008

1,811


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