U.S. Aluminum Company Partners with EGA for New Plant Development
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 24 2026
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Should l Buy CENX?
Source: Newsfilter
- Aluminum Smelter Development: U.S. Aluminum Company has signed an agreement with EGA and Century Aluminum to establish an aluminum smelter in Inola, Oklahoma, which is expected to double U.S. aluminum production and elevate the state's position in aluminum manufacturing.
- Downstream Processing Plant: The company aims to build a fabrication plant near the smelter to convert liquid aluminum into products for electrical, defense, aerospace, automotive, and machinery sectors, which is anticipated to create numerous jobs and stimulate growth in related industries.
- Technological Innovation: The new facility will utilize EGA's latest EX technology, the most advanced aluminum smelting technology installed in the U.S., expected to enhance production efficiency and reduce environmental impact, thereby strengthening the competitiveness of the U.S. aluminum industry.
- Strategic Investment Outlook: Construction of the project is expected to begin by the end of 2026, with the first aluminum production anticipated by the end of the decade, marking a revival of the U.S. aluminum sector and reinforcing domestic supply chains while attracting further infrastructure investments.
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Analyst Views on CENX
Wall Street analysts forecast CENX stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 49.650
Low
42.00
Averages
55.67
High
64.00
Current: 49.650
Low
42.00
Averages
55.67
High
64.00
About CENX
Century Aluminum Company is a global producer of primary aluminum and alumina with production facilities in the United States, Iceland and Jamaica. The Company also own 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 Iceland. [AJ1] Its bauxite mining and alumina refinery in Clarendon, Jamaica (Jamalco) produces smelter grade alumina for consumption around the world. It also owns and operates aluminum reduction facilities in the United States and Iceland. It operates a United States aluminum smelters in Goose Creek, South Carolina and one smelter in Grundartangi, Iceland (Noroural, commonly referred to as Grundartangi). Its primary aluminum facilities produce standard grade and value-added primary aluminum products, including low-carbon aluminum products, Natur-Al, produced in Iceland.
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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