Exhibit 12.1



Ratio of Earnings to Fixed ChargesCalculation



|                                                                                                                 |  |                         |         |   |      |   |        |      |  |      |        |      |   |        |  |   |         |  
|---------------------------------------------------------------------------------------------------------------- |  | ----------------------- | ------- | - | ---- | - | ------ | ---- |  | ---- | ------ | ---- | - | ------ |  | - | ------- | -
|                                                                                                                 |  | Year Ended December 31, |        
|                                                                                                                 |  | 2000                    |         |   | 2001 |   |        | 2002 |  | 2003 |        | 2004 |  
|Income (loss) before extraordinary item and cumulative impact of change in accounting principle                  |  | $                       | (36,683 | ) |      | $ | (5,059 | )    |  | $    | 35,127 |      | $ | 7,563  |  | $ | (41,542 | )
|Add back:                                                                                                        |  |                         |         |   |      |   |        |      |  |      |        |      |   |        |  |   |         |  
|Interest expense and fees, net                                                                                   |  |                         | 24,873  |   |      |   | 18,112 |      |  |      | 11,113 |      |   | 14,400 |  |   | 17,920  |  
|25% of total rent expense                                                                                        |  |                         | 194     |   |      |   | 168    |      |  |      | 174    |      |   | 254    |  |   | 481     |  
|Total fixed charges                                                                                              |  |                         | 25,067  |   |      |   | 18,280 |      |  |      | 11,297 |      |   | 14,654 |  |   | 18,401  |  
|                                                                                                                 |  |                         |         |   |      |   |        |      |  |      |        |      |   |        |  |   |         |  
|Income (loss) before extraordinary items, cumulative effect of change in accounting principles and fixed charges |  |                         | (11,616 | ) |      |   | 13,221 |      |  |      | 46,414 |      |   | 22,217 |  |   | (23,142 | )
|Ratio of earnings to fixed charges                                                                               |  |                         |        | * |      |   |       | *    |  |      | 4.1    |      |   | 1.5    |  |   |        | *

---

|* | For the years ended December 31, 2000, 2001 and 2004 income was insufficient to cover fixed charges.
|- | ----------------------------------------------------------------------------------------------------



|                      |  |                         |     |      |   |      |  |      |     |      |   |       |  |   |      
|--------------------- |  | ----------------------- | --- | ---- | - | ---- |  | ---- | --- | ---- | - | ----- |  | - | -----
|                      |  | Year Ended December 31,
|Rent Expense          |  | 2000                    |     | 2001 |   | 2002 |  | 2003 |     | 2004
|Wise Alloys LLC       |  | $                       | 514 |      | $ | 415  |  | $    | 518 |      | $ | 462   |  | $ | 678  
|Wise Metals Group LLC |  |                         | 262 |      |   | 258  |  |      | 179 |      |   | 153   |  |   | 164  
|Wise Recycling LLC    |  |                         |     |      |   |      |  |      |     |      |   | 401   |  |   | 1,080
|                      |  |                         |     |      |   |      |  |      |     |      |   |       |  |   |      
|Total Rent Expense    |  |                         | 776 |      |   | 673  |  |      | 697 |      |   | 1,016 |  |   | 1,922
|                      |  |                         |     |      |   |      |  |      |     |      |   |       |  |   |      
|25% Rent Expense      |  |                         | 194 |      |   | 168  |  |      | 174 |      |   | 254   |  |   | 481