Global Aluminum Leaders Announce New US Plant Construction
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy CENX?
Source: Newsfilter
- New Smelter Construction: Emirates Global Aluminium and Century Aluminum have selected Bechtel to design a new aluminum smelter in Inola, Oklahoma, with construction expected to start by the end of 2026, marking the first new primary aluminum plant in the U.S. since 1980.
- Production Capacity Doubling: The project will double U.S. primary aluminum production capacity, creating 1,000 permanent direct jobs and 4,000 temporary jobs during construction, significantly boosting the local economy.
- Innovative Technology Application: The plant will utilize EGA's latest aluminum reduction technology, EX, recognized as one of the most advanced and efficient globally, which is expected to enhance production efficiency and reduce environmental impact.
- Sustainable Development Collaboration: Bechtel is collaborating with ERM to coordinate the environmental and social public consultation and permitting processes, ensuring that the project promotes industrial growth while addressing the sustainability needs of the local community.
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Analyst Views on CENX
Wall Street analysts forecast CENX stock price to fall
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 49.700
Low
34.00
Averages
40.67
High
46.00
Current: 49.700
Low
34.00
Averages
40.67
High
46.00
About CENX
Century Aluminum Company is a global producer of primary aluminum and operates aluminum reduction facilities, or smelters. The Company's annual production capacity is approximately 1,020,000 tons per year (tpy). It owns a carbon anode production facility located in the Netherlands (Vlissingen). Carbon anodes are consumed in the production of primary aluminum. Vlissingen supplies carbon anodes to its aluminum smelter in Grundartangi, Iceland. Each of its aluminum smelters in the United States produces anodes at on-site facilities. Through its Natur-Al product line, it provides low-carbon aluminum products. It operates three United States aluminum smelters, in Hawesville, Kentucky (Hawesville), Robards, Kentucky (Sebree) and Goose Creek, South Carolina (Mt. Holly), and one aluminum smelter in Grundartangi, Iceland (Grundartangi). The Grundartangi facility, is an aluminum reduction facility owned and operated by the Company’s wholly owned subsidiary, Nordural Grundartangi ehf.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Inflation Data Impact: The US January CPI rose 2.4% year-over-year, below the expected 2.5%, which may prompt the Fed to continue cutting rates, with the 10-year T-note yield falling to 4.05%, providing support for the market.
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- Market Impact: If tariffs are lowered, production costs may decrease, thereby improving the competitiveness of U.S. manufacturing, fostering economic growth, and creating job opportunities.
- Strategic Implications: This policy adjustment could not only enhance the domestic market environment but also influence international trade relations, particularly in negotiations with major aluminum and steel producing countries.
See More
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