9 unchanged sentences
Because we sell our products based principally on the LME price for primary aluminum, regional premiums and value-added product premiums, we are not able to directly pass on increased production costs to our customers.
−Removed: From time to time, we may manage our exposure to fluctuations in our alumina costs by purchasing certain of our alumina requirements under supply contracts with prices tied to the same indices as our aluminum sales contracts (the LME price of primary aluminum).
+Added: From time to time, we may manage our exposure to fluctuations in our alumina costs by purchasing certain of our
+Added: alumina requirements under supply contracts with prices tied to the same indices as our aluminum sales contracts (the LME price of primary aluminum).
Market-Based Power Price Sensitivity
11 unchanged sentences
In addition, indirect factors that lead to power cost increases, such as any increasing prices for natural gas or coal, fluctuations in or extremes in weather patterns or new or more stringent environmental regulations may severely impact our financial condition, results of operations and liquidity.
−Removed: The consumption shown in the table below reflects each operation at 100% production capacity and does not reflect partial production curtailments.
+Added: The consumption shown in the table below reflects each operation at 100% production capacity and does not reflect production curtailments.
Electrical power price sensitivity by location:
29 unchanged sentences
Foreign exchange contracts (2)
−Removed: — 2.4 — (2.5)
Total $ 129.1 $ 42.9 $ 100.7 $ 35.7
4 unchanged sentences
Foreign exchange contracts (2)
+Added: 7.3 2.9 16.0 7.5
Total $ 31.0 $ 146.2 $ 62.0 $ 198.9
−Removed: (1) Commodity contracts reflect our outstanding LME forward financial sales contracts, MWP forward financial sales contracts, fixed for floating swaps, NYMEX Henry Hub natural gas price swaps, and Nord Pool power price swaps.
−Removed: (2) Foreign exchange contracts reflect our outstanding FX swaps.
+Added: (1) Commodity contracts reflect our outstanding LME forward financial sales contracts, MWP forward financial sales contracts, fixed for floating swaps, and Nord Pool power price swaps.
+Added: (2) Foreign exchange contracts reflect our outstanding FX swaps and the casthouse currency hedges.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.