Welcome to our dedicated page for Century Alum Co news (Ticker: CENX), a resource for investors and traders seeking the latest updates and insights on Century Alum Co stock.
Company Overview
Century Aluminum Co is a globally integrated producer specializing in primary aluminum products, including standard-grade, high-purity and value-added offerings. The company operates a vertically integrated production chain that spans from bauxite mining and alumina refining to primary aluminum smelting and advanced carbon anode manufacturing. Its operations are strategically located across multiple facilities in the United States, Iceland, and the Netherlands, making it a notable presence in the global industrial metals sector.
Core Business Operations
At the heart of Century Aluminum's business is the production of primary aluminum, a material critical to industries such as automotive, aerospace, construction and general manufacturing. With facilities in key American locations like Hawesville and Sebree, along with operations in Iceland and a specialized carbon anode plant in Vlissingen, the company leverages its broad geographic diffusion to serve diverse markets. By producing high-purity aluminum and value-added billets, bars and cast products, Century Aluminum supports both domestic manufacturing and international supply chains.
Integrated Production Chain
The company’s operations cover the full scope of aluminum production. Its business model emphasizes:
- Bauxite Mining and Alumina Refining: Ensuring a secure supply of raw materials and optimizing production efficiency.
- Primary Aluminum Smelting: Utilizing advanced smelting processes to deliver consistent, high-quality aluminum products.
- Carbon Anode and Cathode Manufacturing: Addressing critical components required in modern smelting operations through its European facility.
- Value-Added Production: Offering specialized product lines such as billets and extrusions that cater to niche market segments.
Market Position and Competitive Landscape
Century Aluminum Co holds a significant position within the primary metals industry. Its integrated operations and established relationships with key players, including strategic partnerships and substantial supply contracts, reinforce its competitive edge. The company differentiates itself through a commitment to operational efficiency and cost-effective production methods, ensuring its products meet both industrial specifications and customer expectations.
Strategic Initiatives and Industry Expertise
Operating in a dynamic and highly technical sector, Century Aluminum continually adapts to evolving market challenges. Its strategic initiatives include optimizing safety practices, enhancing productivity at existing facilities, and pursuing opportunities in upstream investments such as bauxite mining and alumina refining. Recently, the company has also engaged in joint ventures targeting the production and marketing of low-carbon secondary billet. This move not only underscores Century’s operational expertise but also highlights its adeptness in navigating complex market demands with technically advanced processes.
Commitment to Quality and Operational Excellence
Century Aluminum’s long-standing emphasis on maintaining high standards across all business units is evident in its rigorous focus on productivity, cost management, and technological innovation. The company employs a detailed approach to managing its assets while ensuring high-quality output that supports various industrial applications. Each stage of the production process is closely monitored, reinforcing the company’s reputation for reliability and technical expertise.
Conclusion
In summary, Century Aluminum Co represents a comprehensive and technically robust player in the primary aluminum industry. By integrating every stage of production—from raw material mining to advanced manufacturing processes—the company not only delivers a wide range of aluminum products but also substantiates its position as a reliable, efficient and experienced manufacturer in a complex global market.
Century Aluminum (NASDAQ: CENX) has announced that President and CEO Jesse Gary will present at the BMO Global Metals, Mining & Critical Minerals Conference on Tuesday, February 25, 2025, at 10:00 a.m. EST. The presentation will include a question-and-answer session, and investors can access a real-time audio webcast through the company's website investor section.
Century Aluminum (NASDAQ: CENX) reported strong Q4 2024 results with net sales of $631.0 million and net income of $47.7 million ($0.47 per diluted share). Full-year 2024 performance showed net sales of $2.2 billion and net income of $339.4 million ($3.29 per share).
Key achievements include record production at Sebree, KY facility, completion of Iceland billet casthouse expansion, and securing a $500.0 million DOE grant for a new aluminum smelter. The company recorded $92.6 million in Section 45X production tax credits.
Q4 shipments decreased 1% sequentially, while net sales increased 17% due to higher alumina sales and improved aluminum pricing. Year-end liquidity stood at $244.5 million. For Q1 2025, the company projects Adjusted EBITDA between $75-85 million, reflecting improved metal pricing offset by higher energy and raw material costs.
Century Aluminum Company (NASDAQ: CENX) has announced it will release its fourth quarter 2024 earnings report on Thursday, February 20, 2025, after the market closes. The company will host a conference call the same day at 5:00 p.m. Eastern time to discuss the results.
The earnings call will be accessible via webcast on Century Aluminum's website at www.centuryaluminum.com. Participants are advised to begin the registration process at least 10 minutes before the scheduled start time. A replay of the webcast will be made available approximately two hours after the live call concludes.
Century Aluminum (NASDAQ:CENX), the largest domestic producer of primary aluminum in the United States, has expressed strong support for President Trump's executive order strengthening Section 232 tariffs. The order implements a 25% tariff on all primary aluminum imports into the U.S. from all foreign countries.
The new measure closes a significant loophole in the existing tariff system that previously allowed nearly 75% of imports to avoid the tariff. According to Century Aluminum CEO Jesse Gary, this action will help protect national security and level the playing field for America's aluminum workers, potentially driving a resurgence in domestic aluminum production.
Century Aluminum Company (NASDAQ: CENX) reported strong Q3 2024 financial results with net sales of $539.1 million and net income of $47.3 million. The company achieved adjusted EBITDA of $103.7 million, a $69.5 million increase from Q2. Performance was boosted by higher LME aluminum prices at $2,451/MT and recognition of $34.9 million in Section 45X tax credits. Aluminum shipments reached 168,755 tonnes. The company maintains strong liquidity of $278.9 million. For Q4 2024, Century expects adjusted EBITDA between $70-80 million, anticipating lower LME and premium prices offset by reduced power costs.
Century Aluminum (NASDAQ: CENX) welcomes the Biden Administration's final guidance for the Advanced Manufacturing Production Tax Credit (section 45X) under the Inflation Reduction Act. The rules now include certain raw materials in production cost calculations for the tax credit, supporting domestic manufacturing of primary aluminum and critical minerals. CEO Jesse Gary expressed satisfaction with the inclusion of raw materials in the tax credit calculation. The company will provide more details about the impact during its Q3 earnings call on November 4, 2024.
Century Aluminum Company (NASDAQ: CENX) has announced its schedule for reporting third quarter 2024 earnings. The company will release its earnings report on Monday, November 4, 2024, after market close through GlobeNewswire. Following the release, Century Aluminum will host a conference call at 5:00 p.m. Eastern time on the same day.
Investors and interested parties can access the earnings call via a live webcast on the company's official website, www.centuryaluminum.com. Participants are advised to begin the registration process at least 10 minutes before the call's scheduled start time. For those unable to attend the live event, a replay of the webcast will be made available approximately two hours after the call concludes.
Century Aluminum (CENX) has announced the resumption of normal shipping operations at Jamalco's Rocky Point port following Hurricane Beryl-related repairs. CEO Jesse Gary praised the Jamalco team for their safe and focused execution of the repairs. In Iceland, local geothermal energy companies have issued partial power curtailment orders for maintenance activities, affecting Century's Grundartangi smelter. These curtailments are expected to reduce Grundartangi's production by approximately 2,500 MT in the third quarter.
Century Aluminum Company (NASDAQ: CENX) reported its Q2 2024 results, showing net sales of $560.8 million, up $71.3 million from Q1. The company reported a net loss of $2.5 million, a significant decrease from Q1's $246.8 million profit, primarily due to a one-time bargain purchase gain in Q1. Adjusted EBITDA rose to $34.2 million, up $9.2 million from Q1, driven by favorable LME and regional price premiums.
Key highlights include:
- Realized LME aluminum price of $2,288/MT, up $98/MT from Q1
- Strong liquidity of $342.6 million as of June 30, 2024
- Adjusted net income of $0.7 million, compared to a $3.0 million loss in Q1
The company expects Q3 2024 Adjusted EBITDA to range between $65 to $75 million, based on higher LME and regional premium prices, partially offset by increased power costs.
Century Aluminum Company (NASDAQ: CENX) has announced its schedule for reporting second quarter 2024 earnings. The company will release its financial results on Thursday, August 8, 2024, after market close. Following the earnings release, Century Aluminum will host a conference call at 5:00 p.m. Eastern time on the same day. Investors and interested parties can access the live webcast of the earnings call on the company's official website, www.centuryaluminum.com. It is advised to start the registration process at least 10 minutes before the call begins. For those unable to attend the live event, a replay of the webcast will be available approximately two hours after the call concludes.
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