Noranda Aluminum Holding (NOR) (NYSE:NOR) produces value-added aluminum products and aluminum coils. The company has an upstream and downstream business. The upstream business has three segments: primary aluminum products, alumina refining, and bauxite. These product's ore is in Missouri and has an annual production capacity of 580 million pounds, which represents more than 15% of total US aluminum production. The downstream business consists mainly of the aluminum foil. 
The upstream business relies on the London Metal Exchange to determine its price for its product. Furthermore, since the United States has a supply deficit, there is a "midwest premium" placed on top of the LME price. Therefore, fluctuations in the price of aluminum on the LME greatly affects Noranda's revenues. According to research firm CRU, due to the rapidly rising economy of China along with its demand for aluminum, the global demand for aluminum will increase 22% from 2008 to 2012. 
The company's initial public offering of stock filed on the NYSE and went public on 13 May 2010. The stock was priced at the low-end at $8, and the initial price offer range was $8-$9. It offered 10 million shares to raise $80 million. 
For the FY2009 with year ended 31 December 2009, the company reported $769.9 million in sales, down 39% from $1.27 billion in sales for FY2008. Furthermore, the company had a net income of $101.4 million for FY2009, an increase from a net loss of $74.1 million for FY2008.