Century Aluminum Applauds Treasury Guidance on 45X Clarifying Application to U.S. Primary Aluminum Industry

Rhea-AI Summary

Century Aluminum Company (NASDAQ: CENX) welcomes the interpretive guidance from the U.S. Treasury Department clarifying the scope of Section 45X of the Inflation Reduction Act and its application to the U.S. primary aluminum industry. Jesse Gary, CEO, thanked the Biden Administration for its continued support of the U.S. aluminum industry.

Century Aluminum Announces Conference Call

CHICAGO, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) welcomes the recently released interpretive guidance from the U.S. Treasury Department clarifying the scope of Section 45X of the Inflation Reduction Act and its application to the U.S. primary aluminum industry.  In response to the new guidance, Jesse Gary, Century Aluminum’s CEO, thanked the Biden Administration for its continued support of the U.S. aluminum industry.   

“We thank the Biden Administration for these important clarifications, and we are excited about the benefits that the U.S. primary aluminum industry will realize from the advanced manufacturing tax credit.  Century Aluminum is proud to do its part to advance the broader national goals of increasing domestic production of critical minerals, accelerating the green energy transition and positioning the U.S. as a global leader in advanced manufacturing.”

Century Aluminum is the largest domestic producer of primary aluminum in the U.S., with smelters located in Sebree, KY, Hawesville, KY, and Mt. Holly, SC. 

Century Aluminum will host an investor conference call on Tuesday, December 19, 2023 at 11:00 a.m. Eastern time to discuss the impact of the Treasury Department's guidance on the 45X Advanced Manufacturing Tax Credit.

The conference call will be webcast live on the Century Aluminum Company website, located at www.centuryaluminum.com. Plan to begin the registration process at least 10 minutes before the live call is scheduled to begin. A replay of the webcast will be archived and available for replay approximately two hours following the live call.

Contact:

Ryan Crawford (investors and media)
investorrelations@centuryaluminum.com
(312) 696-3132                        

FAQ

What is the recent interpretive guidance from the U.S. Treasury Department about?

The U.S. Treasury Department released interpretive guidance clarifying the scope of Section 45X of the Inflation Reduction Act and its application to the U.S. primary aluminum industry.

Who is the CEO of Century Aluminum Company?

Jesse Gary is the CEO of Century Aluminum Company.

What is the ticker symbol for Century Aluminum Company?

The ticker symbol for Century Aluminum Company is CENX.

What is the significance of the new guidance for Century Aluminum Company?

The new guidance is significant as it clarifies the scope of Section 45X of the Inflation Reduction Act and its application to the U.S. primary aluminum industry, providing support to Century Aluminum Company.

What is the response of Century Aluminum Company to the new guidance?

Century Aluminum Company welcomed the new guidance and expressed gratitude to the Biden Administration for its support of the U.S. aluminum industry.