Century Aluminum Company Statement on U.S. Supreme Court IEEPA Ruling

Century Aluminum (NASDAQ: CENX) issued a statement on Feb 20, 2026 about the U.S. Supreme Court IEEPA tariffs ruling and reaffirmed support for President Trump’s trade policies.

Rhea-AI Summary

Century Aluminum (NASDAQ: CENX) issued a statement on Feb 20, 2026 about the U.S. Supreme Court IEEPA tariffs ruling and reaffirmed support for President Trump’s trade policies.

Key company claims: a near 10% immediate U.S. production increase from Mt. Holly, plans with EGA for a new Inola smelter to double U.S. production, and that Century smelts nearly 60% of U.S. primary aluminum while planning further multibillion-dollar investments.

Positive

• Mt. Holly expansion raised U.S. primary aluminum production by almost 10%
• Inola smelter with EGA announced to double U.S. production and create 1,000 permanent jobs
• Construction jobs projection of 4,000 roles for the Inola project
• Market share smelts nearly 60% of U.S. primary aluminum

Negative

• None.

Argus Feb 20 session

+0.27% close to close Open Argus

Details

News Market Reaction – CENX

On Feb 20, the day this news came out, CENX closed 0.27% above the previous close.

Data tracked by StockTitan Argus for the Feb 20 session.

Key Figures

Mt. Holly production increase: almost 10% Permanent jobs Inola: over 1,000 jobs Construction jobs Inola: 4,000 jobs +1 more

Mt. Holly production increase

almost 10%

Immediate increase in total U.S. primary aluminum production

Permanent jobs Inola

over 1,000 jobs

Planned new aluminum smelter in Inola, Oklahoma

Construction jobs Inola

4,000 jobs

Construction phase for new Inola, Oklahoma smelter project

U.S. primary aluminum share

nearly 60%

Century’s share of U.S. primary aluminum smelting

Historical Context

5 past events · Latest: Feb 19

5 events

1. Feb 19

   Earnings results

   24h Move

   -1.3%

   Reported strong Q4 and FY 2025 results with higher adjusted earnings and EBITDA.

2. Feb 10

   Project announcement

   24h Move

   -4.4%

   Announced landmark Oklahoma smelter partnership expected to create 5,000 jobs.

3. Feb 09

   Project engineering

   24h Move

   +3.7%

   Named Bechtel to lead preparatory engineering for Oklahoma aluminum plant.

4. Feb 05

   Earnings date

   24h Move

   -1.4%

   Set schedule and webcast details for upcoming Q4 2025 earnings release.

5. Feb 02

   Asset sale

   24h Move

   +4.4%

   Sold Hawesville site, retaining minority stake in new digital infrastructure project.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

international emergency economic powers act, ieepa, section 232, primary aluminum

4 terms

international emergency economic powers act regulatory

"decision on the tariffs imposed under the International Emergency Economic Powers Act (IEEPA)."

A U.S. law that gives the president broad authority to control trade, financial transactions, and assets during a declared national emergency, such as by imposing sanctions, freezing property, or restricting exports and imports. For investors it matters because those powers can suddenly block deals, cut off access to markets or funds, and change the value of companies or securities much like an emergency brake that can stop or reroute economic activity overnight.

ieepa regulatory

"decision on the tariffs imposed under the International Emergency Economic Powers Act (IEEPA)."

A U.S. law that gives the president broad authority to control trade, freeze assets, and block financial transactions during a declared national emergency. Investors care because those powers can abruptly restrict a company's ability to sell products, access cash, or do business with certain countries or parties, creating sudden risks to revenues, supply chains and share prices — like an emergency brake that can stop or reroute parts of a business overnight.

section 232 regulatory

"as well as the Section 232 steel and aluminum tariffs which were not impacted"

A provision of U.S. trade law that lets the government review whether certain imports threaten national security and, if they do, impose measures such as tariffs, quotas or restrictions. For investors, it matters because these actions can suddenly raise costs, disrupt supply chains, or shield domestic producers—like a safety valve that can change competitive dynamics and profit outlooks for companies tied to affected imports.

primary aluminum technical

"reshoring American production of primary aluminum – a critical metal for industries"

Primary aluminum is the metal produced directly from mined ore rather than from recycled scrap, made by extracting and refining aluminum from bauxite in large, energy‑intensive plants. Investors watch it because its supply, production costs (especially energy), and global demand are leading indicators of industrial activity and profit margins for producers—think of it like virgin lumber versus reclaimed wood: the raw, newly made product sets prices and signals factory activity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CHICAGO, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) today issued the following statement regarding the U.S. Supreme Court’s decision on the tariffs imposed under the International Emergency Economic Powers Act (IEEPA).

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, including:

• Immediately increasing total U.S. primary aluminum production by almost 10% through the expansion of our Mt. Holly, S.C. smelter; and
• Announcing plans to build the first new American aluminum smelter in close to 50 years with EGA, a project that will double U.S. production and create over 1,000 permanent jobs and 4,000 construction jobs in Inola, Oklahoma.

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.

Century is grateful to President Trump for his unwavering commitment to American workers and American industry. Century remains committed to investing in America as the largest producer of this critical mineral for decades to come.

Investors: Chad Rigg, 312.696.3132, investorrelations@centuryaluminum.com
Media: Tawn Earnest, 614.698.6351, tawn.earnest@centuryaluminum.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Century Aluminum (CENX) say about the Feb 20, 2026 Supreme Court IEEPA ruling?

Century reaffirmed support for President Trump’s trade policies and IEEPA tariffs, tying them to reshoring aluminum production. According to the company, those policies and Section 232 measures underpin recent U.S. production expansions and planned investments.

How much did Century Aluminum (CENX) increase U.S. production after the Mt. Holly expansion?

Century said it immediately increased total U.S. primary aluminum production by almost 10%. According to the company, that rise followed expansion work at its Mt. Holly, South Carolina smelter tied to Section 232 policy changes.

What are the details of the Inola, Oklahoma smelter plan announced by Century Aluminum (CENX)?

Century announced plans with EGA to build a new smelter in Inola that it says will double U.S. production. According to the company, the project is expected to create over 1,000 permanent jobs and about 4,000 construction jobs.

How large is Century Aluminum’s share of U.S. primary aluminum production (CENX)?

Century states it currently smelts nearly 60% of U.S. primary aluminum. According to the company, that makes it the largest U.S. producer and supports its announced expansion and investment plans.

Will the Supreme Court ruling affect Section 232 steel and aluminum tariffs, according to Century Aluminum (CENX)?

Century said Section 232 tariffs were not affected by the decision and remain in full force and effect. According to the company, Section 232 continues to support reshoring and its production investments.

Who should investors contact at Century Aluminum (CENX) for questions about the announcement?

Investors are directed to contact Chad Rigg at the provided phone or email in the announcement. According to the company, investor relations inquiries should use the listed contact details for further information.