Impala Asset Management Boosts Stake in Century Aluminum
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 13 2026
0mins
Should l Buy CENX?
Source: Fool
Century Aluminum Co's stock rose by 6.17% as it crossed above the 20-day SMA, reflecting positive investor sentiment. Impala Asset Management disclosed a purchase of 168,805 shares valued at approximately $5.27 million, increasing its stake to 21.17%, indicating strong confidence in Century Aluminum's market position. The company's latest earnings report showed net sales of $632.2 million and adjusted EBITDA of $101.1 million, significantly up from the previous quarter, showcasing improvements in aluminum pricing and operational leverage.
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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: 53.560
Low
42.00
Averages
55.67
High
64.00
Current: 53.560
Low
42.00
Averages
55.67
High
64.00
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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- Oil Price Volatility: The International Energy Agency's unprecedented release of 400 million barrels from reserves comes as oil shipments through the Strait of Hormuz halt, creating upward pressure on oil prices that could slow economic growth in the U.S. and globally.
- Aluminum Supply Tightening: With the Middle East accounting for 21% of U.S. unwrought aluminum imports in 2025, escalating conflict could drive aluminum prices higher, impacting production costs in automotive, aerospace, and construction sectors, thereby increasing manufacturing pressures.
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- Aluminum Supply Tightness: Bahrain and the UAE account for 9% of global aluminum smelting, with the U.S. relying on imports for 80% to 90% of its aluminum, 20% from the Gulf, and rising aluminum prices, a key material for lightweight vehicles, will further inflate manufacturing costs, impacting electric and hybrid vehicle production.
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- Market Dependency: Europe relies on Gulf countries for approximately 30% of its aluminum imports, while the U.S. sources over 20%, making both regions vulnerable to supply risks amid heightened tensions, particularly if disruptions occur in the Strait of Hormuz.
- Stock Market Reaction: The surge in aluminum prices has led to Century Aluminium's stock rising over 7%, reaching its highest level since August 2008, while Kaiser Aluminium shares gained 2%, hitting an all-time high, reflecting optimistic market sentiment towards the aluminum sector.
See More
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- Aluminum Price Surge: Aluminum prices on the London Metal Exchange jumped over 3%, leading to pre-market gains of 2.7% for Alcoa (AA) and 2.8% for Century Aluminum (CNEX), reflecting market concerns over potential disruptions in the Middle Eastern bauxite supply chain.
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- Record Transaction Size: This sale marks Gudlaugsson's largest transaction to date, significantly exceeding his historical median of 31,500 shares per sale since January 2024, indicating a bullish outlook on the market.
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- Oil Price Volatility: The International Energy Agency's unprecedented release of 400 million barrels from reserves comes as oil shipments through the Strait of Hormuz halt, creating upward pressure on oil prices that could slow economic growth in the U.S. and globally.
- Aluminum Supply Tightening: With the Middle East accounting for 21% of U.S. unwrought aluminum imports in 2025, escalating conflict could drive aluminum prices higher, impacting production costs in automotive, aerospace, and construction sectors, thereby increasing manufacturing pressures.
- Fertilizer Price Surge: Urea prices at the New Orleans fertilizer hub have risen from $475 to $680 per metric ton, and potential disruptions during the spring planting season could exacerbate food inflation, affecting soybean and corn cultivation.
- Retail Cost Increases: Rerouting shipping lanes may extend consumer delivery times by 1 to 10 days while raising logistics costs by 5% to 20%, leading retailers to face higher inbound logistics costs and inventory delays, ultimately pushing up product prices.
See More
Impact of Iran War on Global Auto Industry
- Supply Chain Risks: The Iran war exacerbates supply constraints for the global auto industry, as the region, while not a major auto parts producer, is crucial for key resources like oil and aluminum, with 20% of the world's oil passing through the Strait of Hormuz, causing prices to surge above $100 per barrel, directly impacting manufacturing costs.
- Fuel Price Increases: Gas prices in the U.S. have surpassed $3 per gallon, with two significant 12-cent increases nationwide in the past two weeks, creating consumer anxiety that may suppress driving and travel demand, thereby affecting auto sales.
- Aluminum Supply Tightness: Bahrain and the UAE account for 9% of global aluminum smelting, with the U.S. relying on imports for 80% to 90% of its aluminum, 20% from the Gulf, and rising aluminum prices, a key material for lightweight vehicles, will further inflate manufacturing costs, impacting electric and hybrid vehicle production.
- Industry Transition Challenges: Automakers are grappling with the fallout from the Iran conflict while incurring billions in tariff costs due to trade disputes, as the industry navigates dual transitions towards profitable electric vehicles and new hardware/software rollouts, lacking effective strategies to address supply chain crises, leading to resource strain and production instability.
See More
Aluminum Prices Surge to Four-Year High Due to Supply Disruption
- Supply Disruption Impact: Alba Aluminum declared force majeure due to transit route disruptions through the Strait of Hormuz, halting deliveries and causing aluminum prices to surge to $3,418 per ton on the London Metals Exchange, the highest in four years, indicating strong global demand for aluminum.
- Market Response: Aluminum prices have risen over 9% this year, outperforming other industrial metals, reflecting a growing demand amid increasing supply risks, particularly in emerging sectors like electric vehicles and data centers.
- Declining Production Capacity: While Alba continues production, the U.S. has seen a steady decline in domestic smelting capacity, with only six primary smelters operational, increasing market vulnerability to import shocks and potentially tightening future supply.
- High Energy Demand: The aluminum production process is complex and energy-intensive, requiring approximately 14 megawatt-hours of electricity per ton, and as demand from electric vehicles and high-tech industries rises, the strategic importance of aluminum becomes increasingly pronounced.
See More
Aluminum Prices Surge 9% Amid U.S.-Israel-Iran Conflict
- Aluminum Price Surge: Since the onset of the U.S., Israel, and Iran conflict, aluminum prices have risen over 9%, with spot prices reaching $3,329.3 per ton, the highest since April 2022, indicating significant market concerns over supply disruptions.
- Middle East Supply Risks: Qatalum has initiated a controlled shutdown of its output due to escalating regional conflicts, warning that a full restart could take six to twelve months and issuing force majeure notices to customers, potentially tightening aluminum supplies for Europe and the U.S.
- Market Dependency: Europe relies on Gulf countries for approximately 30% of its aluminum imports, while the U.S. sources over 20%, making both regions vulnerable to supply risks amid heightened tensions, particularly if disruptions occur in the Strait of Hormuz.
- Stock Market Reaction: The surge in aluminum prices has led to Century Aluminium's stock rising over 7%, reaching its highest level since August 2008, while Kaiser Aluminium shares gained 2%, hitting an all-time high, reflecting optimistic market sentiment towards the aluminum sector.
See More
Aluminum Prices Surge Amid Geopolitical Tensions
- Aluminum Price Surge: Aluminum prices on the London Metal Exchange jumped over 3%, leading to pre-market gains of 2.7% for Alcoa (AA) and 2.8% for Century Aluminum (CNEX), reflecting market concerns over potential disruptions in the Middle Eastern bauxite supply chain.
- Geopolitical Risks: The U.S.-Israel conflict with Iran raises fears of disruptions in the critical Strait of Hormuz supply route, with Citi analysts noting that shipping disruptions could increase regional aluminum premiums even without immediate production halts.
- Middle Eastern Supply: The region accounts for approximately 9% of global primary aluminum output, with major suppliers including the UAE, Saudi Arabia, Qatar, Bahrain, Iran, and Oman, indicating that any potential disruptions to bauxite or alumina flows present a
See More
Century Aluminum Executive Sells Shares Worth $2.3 Million
- Executive Stock Sale: Gunnar Gudlaugsson, Executive Vice President of Global Operations at Century Aluminum, sold 43,000 shares on February 25, 2026, for a total transaction value of $2.3 million, reflecting his confidence in the company's future prospects.
- Record Transaction Size: This sale marks Gudlaugsson's largest transaction to date, significantly exceeding his historical median of 31,500 shares per sale since January 2024, indicating a bullish outlook on the market.
- Company Financial Overview: Century Aluminum reported a trailing twelve-month revenue of $2.53 billion and a net income of $40 million, showcasing the company's robust performance and growth potential in the aluminum sector.
- Strategic Partnership Outlook: The partnership with Emirates Global Aluminum to establish the first aluminum smelting plant in the U.S. in 47 years is expected to create 1,000 jobs, further boosting domestic aluminum production and enhancing market competitiveness.
See More
