EGA and Century Celebrate Historic Smelter Project, Meet With U.S. Energy Secretary Chris Wright

Rhea-AI Summary

Century Aluminum (NYSE:CENX) and Emirates Global Aluminium announced a partnership to build the United States' first primary aluminum smelter in over 45 years, highlighted during a meeting with U.S. Energy Secretary Chris Wright on Feb. 10, 2026.

The state-of-the-art smelter in Inola, Oklahoma is expected to create 5,000 jobs and position Inola as a hub for a critical metal used by American industries.

Positive

• Planned smelter would be the first US primary aluminum plant in over 45 years
• 5,000 jobs expected to be created in Inola, Oklahoma
• State-of-the-art smelter technology cited, implying modern efficiency and capability
• Partnership between Century Aluminum and Emirates Global Aluminium brings international investment to U.S. manufacturing

Negative

• No financing, timeline, or construction start date disclosed to confirm project delivery
• No quantitative cost or firm commercial contracts provided to demonstrate near-term revenue impact

News Market Reaction – CENX

-4.42%

6 alerts

-4.42% News Effect

-$236M Valuation Impact

$5.09B Market Cap

0.0x Rel. Volume

On the day this news was published, CENX declined 4.42%, reflecting a moderate negative market reaction. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $236M from the company's valuation, bringing the market cap to $5.09B at that time.

Data tracked by StockTitan Argus on the day of publication.

WASHINGTON, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Emirates Global Aluminium CEO Abdulnasser Bin Kalban (right) and Century Aluminum CEO Jesse Gary (left) met with U.S. Energy Secretary Chris Wright to highlight their partnership to build the country’s first primary aluminum smelter in over 45 years. Featuring state-of-the-art smelter technology, the plant is expected to create 5000 jobs and establish Inola, Oklahoma as a hub for critical metal used by American industries.

For EGA
	Simon Buerk, +971 56 311 1536, sbuerk@ega.ae
For Century Aluminum
	Investors: Chad Rigg, 312.696.3132, investorrelations@centuryaluminum.com
	Media: Tawn Earnest, 614.698.6351, tawn.earnest@centuryaluminum.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/800233ed-8ac8-499c-9f5b-7d86eec03e55

FAQ

What did Century Aluminum (CENX) announce about the Inola, Oklahoma smelter on Feb. 10, 2026?

Century Aluminum announced a partnership to build the first US primary aluminum smelter in over 45 years. According to Century Aluminum, the project will use state-of-the-art smelter technology and aims to establish Inola as a critical metals hub.

How many jobs will the CENX and EGA smelter project create in Inola, Oklahoma?

The project is expected to create 5,000 jobs in Inola, Oklahoma. According to Century Aluminum, this job creation is a core part of positioning Inola as a manufacturing and critical-metals hub for American industries.

Who met with U.S. Energy Secretary Chris Wright regarding the Century Aluminum smelter project?

Emirates Global Aluminium CEO Abdulnasser Bin Kalban and Century Aluminum CEO Jesse Gary met with Secretary Chris Wright. According to Century Aluminum, the meeting highlighted their partnership and the proposed smelter's significance.

Will the new smelter use modern technology and what did Century Aluminum say about it?

Yes, the announcement describes the plant as featuring state-of-the-art smelter technology. According to Century Aluminum, the advanced technology underpins the project's role in supplying critical metal to American industries.

Does the Feb. 10, 2026 announcement from Century Aluminum include project timing or funding details?

No, the announcement does not include a construction timeline or financing details. According to Century Aluminum, the release focuses on the partnership, technology, job impact, and the Inola location rather than specific schedules or budgets.