CENX News & Events

U.S. Aluminum Company has signed an agreement with EGA and Century Aluminum, the companies behind the planned primary aluminum production plant in Inola, Oklahoma, to explore the development of an aluminum fabrication plant near the new smelter. The project, named Oklahoma Primary Aluminum, is expected to double U.S. primary aluminum production and make Oklahoma a national center of aluminum-related manufacturing. U.S. Aluminum Company is the first downstream firm to sign an agreement with the project developers. U.S. Aluminum Company's goal is to build a plant near the smelter to turn liquid aluminum into products for the electrical, defense, aerospace, automotive and machinery industries. U.S. Aluminum Company was founded by the Plotkin Family of Oklahoma City, owners of leading aluminum fabrication company M-D Building Products, which has been a national leader in the hardware industry stretching back more than a century. Construction of Oklahoma Primary Aluminum is expected to begin by the end of 2026, with first primary aluminum production by the end of the decade. EGA and Century are developing the project in partnership, with EGA holding 60 percent and Century 40 percent.

Century Aluminum issued a statement regarding the U.S. Supreme Court's decision on the tariffs imposed under the International Emergency Economic Powers Act, stating in part: "Century Aluminum proudly stands with President Donald J. Trump and his America First trade policies, which have been instrumental in ensuring a level playing field for American industry and workers and restoring the U.S. industrial base. Those trade policies include the IEEPA tariffs addressed in today's Supreme Court ruling, as well as the Section 232 steel and aluminum tariffs which were not impacted by the decision and remain in full force and effect. President Trump's trade policies have strengthened our commitment to reshoring American production of primary aluminum - a critical metal for industries ranging from aerospace and automobiles to national defense. Since the Section 232 program was reinforced by President Trump a year ago, with no exemptions and no exceptions, Century Aluminum has taken decisive action to expand U.S. aluminum production and create new American manufacturing jobs... No company is investing more in US primary aluminum production than Century. Century is already the largest producer of aluminum in the United States, smelting nearly 60% of the country's primary aluminum, employing more American primary aluminum workers than any other company, and, thanks to President Trump's leadership and the Section 232 program, we plan to invest billions more in new and expanded production at Mt. Holly and our Oklahoma smelter project."

The company said, "The Company expects first quarter Adjusted EBITDA attributable to Century stockholders to range between $215 to $235 million based on improved metal pricing and regional premiums, partially offset by temporary higher energy costs in the United States as a result of Winter Storm Fern."