First New U.S. Aluminum Plant Since 1980 Announced
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Source: seekingalpha
- Aluminum Smelting Partnership: Century Aluminum and Emirates Global Aluminum announced plans to jointly build the first new aluminum smelting plant in the U.S. since 1980, with EGA holding 60% and Century 40%, marking a significant investment in U.S. aluminum production.
- Capacity Increase: The new plant, located in Inola, Oklahoma, is expected to produce 750,000 metric tons of aluminum annually, exceeding previous plans and more than doubling current U.S. production capacity to meet rising market demand.
- Advanced Technology Implementation: The project will utilize EGA's latest EX technology, the most advanced aluminum smelting technology ever installed in the U.S., which is expected to significantly enhance production efficiency and environmental standards, driving technological advancement in the industry.
- Construction Timeline: Construction is expected to commence by the end of 2026, with production planned to begin by the end of the decade; detailed engineering work is already underway, and negotiations for a long-term power supply are progressing smoothly.
Discover Tomorrow's Bullish Stocks Today
Receive free daily stock recommendations and professional analysis to optimize your portfolio's potential.
Sign up now to unlock expert insights and stay one step ahead of the market trends.
Analyst Views on CENX
Wall Street analysts forecast CENX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CENX is 40.67 USD with a low forecast of 34.00 USD and a high forecast of 46.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 49.000
Low
34.00
Averages
40.67
High
46.00
Current: 49.000
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.
Pentagon Invests $4.5 Billion in Critical Minerals
- Surge in Government Investment: The Pentagon's $4.5 billion investment in critical minerals during the last months of 2025 is expected to lead to record levels of government support for strategic mineral projects in 2026, enhancing competitiveness for companies in defense and technology sectors.
- Mineral Discovery: GoldHaven Resources has confirmed a mineral system across 36,973 hectares at its Magno Project in British Columbia, showcasing potential for copper, gold, silver, lead, zinc, and tungsten, which could significantly enhance the company's resource development opportunities.
- High-Grade Mineralization Validation: Surface sampling at the Magno Zone revealed copper values up to 6,660 ppm, indicating the presence of high-grade copper mineralization within the rocks, further supporting the project's economic viability and future drilling plans.
- Multiple Projects Advancing: GoldHaven has completed diamond drilling at its Copeçal Gold Project in Brazil and confirmed high-grade copper at Three Guardsmen, now controlling 133,186 hectares across mining jurisdictions, demonstrating strong momentum in advancing multiple mining projects simultaneously.
Continue Reading
Aluminum Prices Surge to Four-Year High as Dollar Weakens
- Aluminum Price Surge: Aluminum futures on the London Metal Exchange rose 2.3% to $3,387 per metric ton, marking a nearly four-year high, reflecting strong demand for base metals and bullish investor sentiment.
- Dollar Weakness Impact: Trump's comments expressing indifference towards the dollar's decline intensified bearish sentiment in the market, leading to price increases in aluminum and other base metals, with copper up 1.5% and zinc up 1.9%.
- Goldman Sachs Upgrades Outlook: Goldman Sachs raised its aluminum price forecast for H1 2023 from $2,575 to $3,150 per ton, although still below current prices, indicating strong confidence in the aluminum market and sustained investor optimism.
- Supply and Demand Dynamics: Low global aluminum inventories and concerns over power availability for new Indonesian smelters, coupled with rising demand from electric vehicles and grid requirements, have supported the price rally, despite Goldman forecasting a drop to $2,400 per ton in the future.
Continue Reading