Century Aluminum Co (CENX)
Century Aluminum Co. (CENX) is a U.S.-based aluminum producer specializing in primary aluminum smelting. The company operates integrated smelting facilities and supplies aluminum for the packaging, automotive, aerospace, and industrial markets. Established in 1995, Century Aluminum is known for its focus on energy-efficient production and sustainable practices within the aluminum industry.
Company News
Century Aluminum's Grundartangi smelter in Iceland experienced an electrical equipment failure, forcing a temporary shutdown of one potline and reducing production by approximately two-thirds. No injuries occurred, and the company expects insurance coverage for potential losses.
U.S. tariffs on aluminum are disrupting global supply chains, causing price volatility, and threatening European recycling industries, with significant implications for manufacturing and clean energy sectors.
Trump's new tariff plan has caused markets to trade lower, with the S&P 500 dropping over 2%. While domestic steel and aluminum producers may benefit, the overall impact remains uncertain as further negotiations are expected.
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Geopolitical tensions could create new opportunities for this U.S. producer
