Welcome to our dedicated page for Century Aluminum news (Ticker: CENX), a resource for investors and traders seeking the latest updates and insights on Century Aluminum stock.
Century Aluminum Co. reports developments in primary aluminum production, including operating results, shipments, realized metal prices, power costs and raw material price effects. The company produces high-purity aluminum, standard-grade sow and tee bars, and value-added billet and foundry products through smelter operations in the United States and Iceland, with a carbon anode facility in the Netherlands.
Recurring company news includes production restarts and expansion activity at sites such as Mt. Holly and Grundartangi, updates tied to equipment reliability and insurance recoveries, domestic aluminum policy commentary, customer and supply-chain themes, and senior operations leadership changes.
Century Aluminum Company reported strong first quarter 2024 results with net sales of $489.5 million and a net income of $246.8 million. The company announced a joint venture with MX Holdings and was selected to receive a $500 million investment from the U.S. Department of Energy to build a new green aluminum smelter. However, there was a decrease in net sales compared to the prior quarter due to lower regional and value-added product premiums. Adjusted EBITDA for the quarter was $25.0 million.
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