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Century Alum Co - CENX STOCK NEWS

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.

Rhea-AI Summary
Century Aluminum Company (CENX) is set to report its fourth quarter 2023 earnings on February 21, 2024, after the close of market trading. The company will hold a follow-up conference call at 5:00 p.m. Eastern time on the same day. The earnings call will be webcast live on the company's website and a replay will be available for approximately two hours following the live call.
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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.
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Century Aluminum Company (NASDAQ: CENX) announces a new five-year collective bargaining agreement with United Steelworkers Local 9443-00 for the Century Sebree aluminum smelter in Robards, KY. The agreement covers approximately 460 hourly workers and is effective immediately, running through October 28, 2028. Century's President and CEO, Jesse Gary, expresses satisfaction with the collaboration, emphasizing the commitment to employee welfare and Sebree's competitiveness in the aluminum market.
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Century Aluminum Company (NASDAQ: CENX) announced its third quarter 2023 results, reporting a net sales of $545.2 million and a realized LME aluminum price of $2,237/T. The company saw a decrease in net income and adjusted EBITDA, but also reported a decrease in total debt and an increase in liquidity. The PR highlights the completion of a land sale, a three-year power agreement, and progress on long-term initiatives.
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Century Aluminum Company (NASDAQ: CENX) will report third quarter 2023 earnings on November 8, 2023. The earnings call will be webcast live on their website.
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Century Aluminum of South Carolina (CASC) has finalized a new three-year power contract with the South Carolina Public Service Authority for the Mt. Holly aluminum smelter. The contract ensures the smelter can continue operating at its current capacity.
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Century Aluminum (CENX) reported net sales of $575.5 million in the second quarter of 2023, with a realized LME aluminum price of $2,371/T. The company experienced a $46.1 million improvement in net income compared to the previous quarter, with adjusted net income of $15.5 million and adjusted EBITDA of $29.5 million. Despite complex global conditions, the company remains focused on cost discipline and operational performance, aiming to integrate new operations and deliver strong results despite a declining aluminum price.
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Century Aluminum Company announces the addition of Tamla Olivier to its Board of Directors, the retirement of Shelly Harrison, and the promotion of Peter Trpkovski to Senior Vice President, Finance and Treasurer.
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FAQ

What is the current stock price of Century Alum Co (CENX)?

The current stock price of Century Alum Co (CENX) is $16.595 as of March 10, 2025.

What is the market cap of Century Alum Co (CENX)?

The market cap of Century Alum Co (CENX) is approximately 1.6B.

What is the core business of Century Aluminum Co?

Century Aluminum Co is an integrated producer of primary aluminum, involved in bauxite mining, alumina refining, and advanced smelting processes to deliver high-purity and value-added aluminum products.

Where are Century Aluminum's production facilities located?

The company operates facilities in key US locations such as Hawesville and Sebree, as well as internationally in Iceland and the Netherlands, ensuring a global operational footprint.

What types of aluminum products does the company manufacture?

Century Aluminum produces a range of products including standard-grade aluminum, high-purity aluminum, and value-added products like billets, bars, and cast components for various industrial applications.

How does Century Aluminum generate revenue?

Revenue is generated primarily through the production and sale of primary aluminum products, along with value-added derivatives, supported by established supply contracts and strategic partnerships.

How does the company differentiate itself in a competitive market?

Century Aluminum differentiates itself through its vertically integrated model, advanced smelting technology, broad operational footprint, and strategic initiatives that focus on operational efficiency and product quality.

What are some key strategic initiatives of Century Aluminum Co?

The company focuses on optimizing safety and environmental performance, enhancing productivity through cost management, leveraging upstream investments, and engaging in joint ventures to offer engineered low-carbon product solutions.

How does Century Aluminum manage its integrated production chain?

Through strict quality controls and advanced process management, Century Aluminum oversees every stage from raw material acquisition to value-added product manufacturing, ensuring consistent output and operational excellence.

What role do strategic partnerships play in Century Aluminum's operations?

Strategic partnerships enhance Century Aluminum's value proposition by enabling collaborative ventures, streamlining supply chains, and expanding its product offerings in specialized segments like low-carbon secondary billet production.
Century Alum Co

Nasdaq:CENX

CENX Rankings

CENX Stock Data

1.58B
51.15M
44.14%
60.93%
5.31%
Aluminum
Primary Production of Aluminum
Link
United States
CHICAGO