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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income (loss) $ (6.7) $ 6.6 $ 238.0 $ (32.0)  
Adjustments to reconcile net income (loss) to net cash used in operating activities:          
Unrealized (gain) loss on derivative instruments     (3.7) 66.3  
Depreciation, depletion and amortization     41.7 31.5  
Change in deferred tax benefit (expense)     0.6 (12.6)  
Gain on sale of assets     (2.3) 0.0  
Bargain purchase gain 0.0 0.0 (245.9) 0.0  
Other non-cash items - net     0.5 3.7  
Change in operating assets and liabilities, net of acquisition:          
Accounts receivable - net     (37.4) 26.0  
Non-trade receivables     (1.6) 0.0  
Manufacturing credit receivable     (23.8) 0.0  
Due from affiliates     12.8 (12.2)  
Inventories     9.4 (18.5)  
Prepaid and other current assets     10.0 7.7  
Accounts payable, trade     (13.4) (72.9)  
Due to affiliates     8.8 7.7  
Accrued and other current liabilities     (0.5) 3.0  
Other - net     3.5 0.4  
Net cash used in operating activities     (3.3) (1.9)  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Purchase of property, plant and equipment     (46.6) (36.6)  
Proceeds from sale of assets     2.3 0.0  
Acquisition of subsidiary, net of cash acquired     0.0 19.4  
Net cash used in investing activities     (44.3) (17.2)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Net cash provided by financing activities     0.1 25.1  
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH     (47.5) 6.0  
Cash, cash equivalents and restricted cash, beginning of period     90.3 55.5 $ 55.5
Cash, cash equivalents and restricted cash, end of period $ 42.8 $ 61.5 42.8 61.5 $ 90.3
Cash paid for:          
Interest     16.6 17.9  
Taxes, net of refunds     3.8 (0.3)  
Non-cash investing activities:          
Capital expenditures     5.9 7.8  
Capitalized interest     3.4 2.3  
Distribution of property, plant and equipment to NCI     8.3 0.0  
U.S. and Iceland Revolving Credit Facilities          
CASH FLOWS FROM FINANCING ACTIVITIES:          
Borrowings under revolving credit facilities     297.9 407.8  
Repayments under facilities     (321.6) (396.6)  
Iceland Term Facility          
CASH FLOWS FROM FINANCING ACTIVITIES:          
Repayments under facilities     (1.2) (6.1)  
Casthouse Facility          
CASH FLOWS FROM FINANCING ACTIVITIES:          
Borrowings under Grundartangi casthouse debt facility     $ 25.0 $ 20.0