Century Aluminum Signs Power Agreement Extension with Santee Cooper Through 2031
Century Aluminum (NASDAQ:CENX) signed a power agreement extension with South Carolina Public Service Authority (Santee Cooper) to secure power for its Mt. Holly smelter through 2031. The company plans a $50 million investment to restart idle capacity, add 50,000 metric tons of annual production and raise U.S. aluminum output by 10%. The restart is expected to create >100 jobs and move the plant from ~75% to full production by early summer 2026. Final restart details depend on confirmed economic incentives from Berkeley County and South Carolina.
Century Aluminum (NASDAQ:CENX) ha firmato l'estensione di un accordo energetico con l'Autorità per i servizi pubblici della Carolina del Sud (Santee Cooper) per garantire l'energia al suo fonderia Mt. Holly fino al 2031. L'azienda prevede un investimento di $50 milioni per riavviare la capacità inattiva, aumentare di 50.000 tonnellate metriche all'anno la produzione e incrementare l'output di alluminio negli Stati Uniti del 10%. Il riavvio dovrebbe creare 100 posti di lavoro e portare l'impianto dal ~75% alla piena produzione entro l'inizio dell'estate 2026. I dettagli finali del riavvio dipenderanno da incentivi economici confermati dal Berkeley County e dalla Carolina del Sud.
Century Aluminum (NASDAQ:CENX) firmó una extensión de un acuerdo eléctrico con la South Carolina Public Service Authority (Santee Cooper) para asegurar la energía para su fundición Mt. Holly hasta 2031. La compañía planea una inversión de $50 millones para reiniciar la capacidad inactiva, añadir 50,000 toneladas métricas de producción anual y aumentar la producción de aluminio en EE. UU. en un 10%. Se espera que el reinicio cree 100 empleos y eleve la planta desde aproximadamente el 75% a la plena producción para principios del verano de 2026. Los detalles finales del reinicio dependen de incentivos económicos confirmados por el condado de Berkeley y Carolina del Sur.
Century Aluminum (NASDAQ:CENX)가 사우스캐롤라이나 주 공공서비스 당국(Santee Cooper)과 Mt. Holly 제련소의 전력을 2031년까지 확보하기 위한 전력 계약 연장을 체결했습니다. 회사는 5천만 달러를 투자해 아이들링 용량을 재가동하고 연간 생산량을 50,000 미터톤 증가시키며 미국 내 알루미늄 생산량을 10% 늘릴 계획입니다. 재가동으로 100개 일자리 창출이 기대되며 공장을 약 75%에서 2026년 초 여름까지 완전 가동률로 올릴 예정입니다. 재가동의 최종 세부 내용은 버클리 카운티와 사우스캐롤라이나 주의 확정된 경제적 인센티브에 달려 있습니다.
Century Aluminum (NASDAQ:CENX) a signé une prolongation de l'accord électrique avec l'Autorité des services publics de Caroline du Sud (Santee Cooper) pour sécuriser l'énergie de son four Mt. Holly jusqu'en 2031. L'entreprise prévoit un investissement de 50 millions de dollars pour relancer les capacités inactives, ajouter 50 000 tonnes métriques de production annuelle et augmenter la production d'aluminium américain de 10%. Le redémarrage devrait créer 100 emplois et porter l'usine de ~75% à une production complète d'ici le début de l'été 2026. Les détails finaux du redémarrage dépendent des incitations économiques confirmées par le comté de Berkeley et la Caroline du Sud.
Century Aluminum (NASDAQ:CENX) hat eine Verlängerung der Stromvereinbarung mit der South Carolina Public Service Authority (Santee Cooper) unterzeichnet, um die Energie für das Mt. Holly-Schmelzwerk bis 2031 zu sichern. Das Unternehmen plant eine Investition von 50 Millionen USD, um ungenutzte Kapazitäten wiederzubeleben, 50.000 metrische Tonnen jährliche Produktion hinzuzufügen und die US-Aluminiumproduktion um 10% zu erhöhen. Der Neustart soll 100 Arbeitsplätze schaffen und das Werk von ca. 75% auf volle Produktion bis früh Sommer 2026 bringen. Die endgültigen Neustart-Details hängen von bestätigten wirtschaftlichen Anreizen aus dem Berkeley County und South Carolina ab.
وقعت Century Aluminum (NASDAQ:CENX) تمديدًا لاتفاقية الكهرباء مع هيئة الخدمات العامة لولاية ساوث كارولينا (Santee Cooper) لضمان الطاقة لفرن Mt. Holly حتى عام 2031. تخطط الشركة لاستثمار قدره $50 مليون لإعادة تشغيل الطاقة غير المستغلة، وزيادة 50,000 طن متري من الإنتاج السنوي، ورفع إنتاج الألومنيوم في الولايات المتحدة بنسبة 10%. من المتوقع أن يخلق تشغيله من جديد 100 وظيفة ويرفع المصنع من نحو 75% إلى الإنتاج الكامل بحلول بداية صيف 2026. تعتمد التفاصيل النهائية لإعادة التشغيل على الحوافز الاقتصادية المؤكدة من مقاطعة بيركلي وولاية ساوث كارولينا.
Century Aluminum (NASDAQ:CENX) 已与南卡罗来纳州公共服务局(Santee Cooper)签署电力协议延期，将 Mt. Holly 冶厂的电力供应保障至2031年。公司计划投资 $50 百万美元以重新启动闲置产能，增加 50,000 公吨的年度产量，并将美国铝产量提高 10%。重启预计将创造 100 个就业岗位，并使工厂产能从约 75% 提升至 2026 年初的全面生产。最终重启细节取决于伯克利县和南卡罗来纳州确认的经济激励措施。
- $50M investment to restart idle Mt. Holly capacity
- Adds 50,000 metric tons annual aluminum production
- Raises U.S. aluminum output by 10%
- Creates >100 new jobs at Mt. Holly
- Targeted full production by early summer 2026
- Restart contingent on confirmed Berkeley County and state incentives
- Mt. Holly currently operating at approximately 75% capacity
- Power extension runs only through 2031, limiting long-term certainty
Insights
Century secured power to restart Mt. Holly, backing a
Century Aluminum signed a power purchase extension with Santee Cooper through
Key dependencies include confirmation of economic incentives from Berkeley County and the State of South Carolina and the maintained power contract through
Watch for confirmation of the Berkeley County/state incentives and the operational milestone of reaching full production by
CHICAGO, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ:CENX) has signed an extension of its power agreement with South Carolina Public Service Authority (Santee Cooper) to secure a stable power supply for its Mt. Holly smelter through 2031, a critical step forward in its plans to re-start idle capacity at the facility located outside Charleston.
This power purchase agreement extension marks another milestone in the company’s efforts to lead the comeback of the U.S. primary aluminum industry.
Century Aluminum’s plan includes a
The restart is driven by President Trump’s support for the domestic aluminum industry, including the recent increases in Section 232 tariffs, with no exclusions or exceptions.
“This expansion at our Mt. Holly plant is thanks to President Trump’s hard work to support American manufacturing, which is making it possible to create these important new manufacturing jobs for South Carolinians, along with the hundreds of millions of dollars of economic impact it will have on the surrounding communities where our employees live,” said CEO Jesse Gary. “We’re excited to lead the way in revitalizing U.S. aluminum production as Mt. Holly returns to full capacity.”
At full operation, the Mt. Holly smelter contributes approximately
The company attributed this successful effort to its close collaboration with Santee Cooper. The parties worked cooperatively to reach the final agreement. The final details of the restart will be subject to the confirmation of economic incentives provided by Berkeley County and the state of South Carolina.
“I would like to thank the entire Santee Cooper team for their efforts in reaching this power extension to allow us to restart the idle capacity at Mt. Holly. We are excited to continue our relationship as we increase economic opportunity and prosperity for South Carolinians together,” Gary said.
Santee Cooper President and CEO Jimmy Staton said, “Century Aluminum is a major contributor to economic prosperity in Berkeley County and the entire Charleston region, and they are playing a leading role in regenerating America’s aluminum industry. Santee Cooper is proud to be the power behind Century, supporting the quality products they produce, the important contributions they make to our community, and the quality jobs they provide to our neighbors. We are pleased to be part of this expansion and look forward to working together for many more years.”
About Century Aluminum
Century Aluminum is an integrated producer of bauxite, alumina, and primary aluminum products. Century is the largest producer of primary aluminum in the United States, and operates production facilities in Iceland, the Netherlands and Jamaica. Visit www.centuryaluminum.com for more information.
Cautionary Statement
This press release and statements made by Century Aluminum Company management on the quarterly conference call contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to the "safe harbor" created by section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements are statements about future events and are based on our current expectations. These forward-looking statements may be identified by the words "believe," "expect," "hope," "target," "anticipate," "intend," "plan," "seek," "estimate," "potential," "project," "scheduled," "forecast" or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," "might," or "may."
Where we express an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, our forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from future results expressed, projected, or implied by those forward-looking statements. Important factors that could cause actual results and events to differ from those described in such forward-looking statements can be found in the risk factors and forward-looking statements cautionary language contained in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q and in other filings made with the Securities and Exchange Commission. Although we have attempted to identify those material factors that could cause actual results or events to differ from those described in such forward-looking statements, there may be other factors that could cause actual results or events to differ from those anticipated, estimated or intended. Many of these factors are beyond our ability to control or predict. Given these uncertainties, the reader is cautioned not to place undue reliance on our forward-looking statements. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.
Investor Contact
Ryan Crawford, investorrelations@centuryaluminum.com
312-696-3132
Media Contact
Tawn Earnest, Tawn.earnest@centuryaluminum.com
614-698-6351
FAQ
What did Century Aluminum (CENX) announce on October 6, 2025?
How much will CENX invest to restart Mt. Holly and when will production ramp?
How much additional aluminum output will CENX add from the Mt. Holly restart?
How many jobs will the Mt. Holly expansion create for CENX?
What conditions remain before the Mt. Holly restart for CENX?
