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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (38.6) $ 17.7
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Unrealized loss on derivative instruments 64.4 35.5
Lower of cost or NRV inventory adjustment 5.1 0.0
Depreciation and amortization 15.9 19.4
Deferred tax (benefit) provision (1.5) 1.3
Other non-cash items - net (0.5) (1.7)
Change in operating assets and liabilities:    
Accounts receivable - net 19.1 (47.1)
Due from affiliates (11.7) (10.3)
Inventories (41.1) (0.9)
Prepaid and other current assets 1.8 (4.2)
Accounts payable, trade (17.4) 31.6
Due to affiliates 10.4 (1.2)
Accrued and other current liabilities (8.7) 1.6
Other - net 2.6 (4.3)
Net cash (used in) provided by operating activities (0.2) 37.4
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (14.3) (26.0)
Proceeds from sales of property, plant and equipment 0.0 0.0
Net cash used in investing activities (14.3) (26.0)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under revolving credit facilities 192.4 264.1
Repayments under revolving credit facilities (209.4) (307.4)
Debt issuance costs 0.0 (0.6)
Repayment of Iceland Term Facility (2.4) 0.0
Borrowings under Grundartangi casthouse debt facility 10.0 40.0
Net cash used in financing activities (9.4) (3.9)
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (23.9) 7.5
Cash, cash equivalents and restricted cash, beginning of period 55.5 40.7
Cash, cash equivalents and restricted cash, end of period 31.6 48.2
Cash paid for:    
Interest 4.0 1.2
Taxes, net of refunds (0.4) 0.5
Non-cash investing activities:    
Capital expenditures 3.9 4.2
Capitalized interest $ 1.0 $ 1.0