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.
Century Aluminum Co (CENX) maintains this comprehensive news hub for tracking official announcements and market developments. Access verified press releases and financial updates from the integrated aluminum producer with facilities across North America and Europe.
This resource provides investors and industry professionals with critical updates including quarterly earnings reports, production capacity changes, strategic partnerships, and sustainability initiatives. All content is vetted for accuracy and updated as new developments emerge.
Key coverage areas include smelting operations optimization, low-carbon production advancements, raw material supply chain updates, and leadership announcements. Users can monitor both domestic US operations and international projects through this centralized platform.
Bookmark this page for direct access to Century Aluminum's official communications, including regulatory filings and material event disclosures. Combine with our market analysis tools for complete aluminum sector insights.
Century Aluminum Company (NASDAQ: CENX) will have its President and CEO, Jesse Gary, participate in a presentation at the BMO Global Metals & Mining Conference on March 1, 2022, at 2:30 p.m. EST. A live audio webcast of the event will be accessible on the company's website's 'Investors' section. Additionally, a slide presentation related to the conference will be available one hour prior to the session. Century Aluminum operates primary aluminum production facilities in the U.S. and Iceland, headquartered in Chicago.
Century Aluminum Company (NASDAQ: CENX) reported a fourth quarter net income of $60.4 million, marking a significant improvement from a loss of $52.4 million in the previous quarter. Fourth quarter net sales rose 13% sequentially to $659.1 million, driven by increased shipment volume and aluminum prices. However, the full year 2021 net loss stood at $167.1 million, worsened by $105 million in exceptional items, including unrealized losses on derivatives. The company is expanding its low-carbon billet production in Iceland and recovering from a recent cyber attack.
On February 16, 2022, Century Aluminum Company (NASDAQ: CENX) reported a cyber incursion affecting its servers. The company swiftly enacted its internal response procedures, shutting down impacted systems and enlisting third-party experts. Currently, there is no material impact on global production, as operations have transitioned to manual procedures where necessary. Some external information systems have been restricted as the company works on resolving the issue. Further updates will be provided as needed.
Century Aluminum Company (NASDAQ: CENX) announced Craig Conti's departure as CFO effective March 1, 2022, to pursue other opportunities closer to family. Conti joined in July 2018, contributing significantly to the company's success. In the interim, Michelle Harrison, Senior VP of Finance, will serve as the principal financial officer while a search for Conti's successor is conducted. CEO Jesse Gary expressed gratitude for Conti’s contributions. The company operates in the primary aluminum sector, notably in the U.S. and Iceland.
Century Aluminum Company (NASDAQ: CENX) will announce its fourth quarter 2021 earnings on February 24, 2022, after market close. The earnings release will be disseminated via GlobeNewswire. A conference call to discuss the earnings will follow at 5:00 p.m. Eastern time on the same day. Investors can join the live webcast on the company's website, with a replay available approximately two hours post-call.
Century Aluminum Company (NASDAQ: CENX) expanded its Board from five to six members on December 6, 2021, appointing Jennifer Bush as an independent director. Bush, a long-term Cummins Inc. executive, will bring extensive experience in industrial leadership, overseeing a $5 billion business segment. Her focus on safety, operational excellence, and sustainability aligns with Century’s goals. Her term will last until the annual stockholders' meeting in 2022. Century Aluminum operates primary aluminum production in the U.S. and Iceland, emphasizing growth and sustainability.
Century Aluminum Company (NASDAQ: CENX) announced that CEO Jesse Gary will participate in a Q&A session at the virtual Goldman Sachs Global Metals & Mining Conference on November 18, 2021, at 10:00 a.m. EST. The session will provide insights into the company’s operations and future expectations. Investors can access a real-time audio webcast on the company’s website, enhancing transparency and engagement.
Century Aluminum operates primary aluminum production facilities in the U.S. and Iceland, offering significant industry insights.
Century Aluminum Company (NASDAQ: CENX) announced a collaboration between its subsidiary Norðurál and renewable energy provider Qair to supply green electricity from two planned windfarms in Iceland, totaling 200 MW. This agreement aims to reduce the carbon footprint of aluminum production at the Grundartangi smelter. Additionally, the companies will work on technology to capture CO₂ from the smelter, potentially utilizing it for eFuel production near the site. Century's commitment to environmental standards includes its certified Natur-Al™ aluminum, which has significantly lower CO₂ emissions compared to industry averages.
Century Aluminum Company (CENX) reported its Q3 2021 results, showing a net loss of $(52.4) million, an improvement of $17.3 million from Q2. Despite a 10% rise in net sales to $581.4 million due to increased aluminum prices, the company faced $46.7 million in exceptional items. Adjusted EBITDA reached $70.3 million, a $36.4 million increase, supported by strong demand and successful expansion projects at Mt. Holly and Hawesville. The new low-carbon billet project in Iceland aims to produce 150,000 tonnes, enhancing sustainability in the aluminum market.
Century Aluminum Company (NASDAQ: CENX) announced the commencement of construction for a new low-carbon billet casthouse at its Grundartangi, Iceland smelter. The project, with an investment of $120 million, aims for 150,000 tonnes of billet production starting in Q1 2024, while increasing annual capacity for primary foundry alloys from 60,000 to 120,000 tonnes. The expansion is expected to create 90 jobs and enhance product premiums by replacing standard-grade ingot production. Utilizing Iceland's renewable energy resources, the Natur-Al™ billets will significantly lower CO₂ emissions, targeting European market demand.
