Welcome to our dedicated page for Century Alum news (Ticker: CENX), a resource for investors and traders seeking the latest updates and insights on Century Alum 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.
On February 16, 2022, Century Aluminum Company (NASDAQ: CENX) reported a cyber incursion affecting its servers. The company swiftly enacted its internal response procedures, shutting down impacted systems and enlisting third-party experts. Currently, there is no material impact on global production, as operations have transitioned to manual procedures where necessary. Some external information systems have been restricted as the company works on resolving the issue. Further updates will be provided as needed.
Century Aluminum Company (NASDAQ: CENX) announced Craig Conti's departure as CFO effective March 1, 2022, to pursue other opportunities closer to family. Conti joined in July 2018, contributing significantly to the company's success. In the interim, Michelle Harrison, Senior VP of Finance, will serve as the principal financial officer while a search for Conti's successor is conducted. CEO Jesse Gary expressed gratitude for Conti’s contributions. The company operates in the primary aluminum sector, notably in the U.S. and Iceland.
Century Aluminum Company (NASDAQ: CENX) will announce its fourth quarter 2021 earnings on February 24, 2022, after market close. The earnings release will be disseminated via GlobeNewswire. A conference call to discuss the earnings will follow at 5:00 p.m. Eastern time on the same day. Investors can join the live webcast on the company's website, with a replay available approximately two hours post-call.
Century Aluminum Company (NASDAQ: CENX) expanded its Board from five to six members on December 6, 2021, appointing Jennifer Bush as an independent director. Bush, a long-term Cummins Inc. executive, will bring extensive experience in industrial leadership, overseeing a $5 billion business segment. Her focus on safety, operational excellence, and sustainability aligns with Century’s goals. Her term will last until the annual stockholders' meeting in 2022. Century Aluminum operates primary aluminum production in the U.S. and Iceland, emphasizing growth and sustainability.
Century Aluminum Company (NASDAQ: CENX) announced that CEO Jesse Gary will participate in a Q&A session at the virtual Goldman Sachs Global Metals & Mining Conference on November 18, 2021, at 10:00 a.m. EST. The session will provide insights into the company’s operations and future expectations. Investors can access a real-time audio webcast on the company’s website, enhancing transparency and engagement.
Century Aluminum operates primary aluminum production facilities in the U.S. and Iceland, offering significant industry insights.
Century Aluminum Company (NASDAQ: CENX) announced a collaboration between its subsidiary Norðurál and renewable energy provider Qair to supply green electricity from two planned windfarms in Iceland, totaling 200 MW. This agreement aims to reduce the carbon footprint of aluminum production at the Grundartangi smelter. Additionally, the companies will work on technology to capture CO₂ from the smelter, potentially utilizing it for eFuel production near the site. Century's commitment to environmental standards includes its certified Natur-Al™ aluminum, which has significantly lower CO₂ emissions compared to industry averages.
Century Aluminum Company (CENX) reported its Q3 2021 results, showing a net loss of $(52.4) million, an improvement of $17.3 million from Q2. Despite a 10% rise in net sales to $581.4 million due to increased aluminum prices, the company faced $46.7 million in exceptional items. Adjusted EBITDA reached $70.3 million, a $36.4 million increase, supported by strong demand and successful expansion projects at Mt. Holly and Hawesville. The new low-carbon billet project in Iceland aims to produce 150,000 tonnes, enhancing sustainability in the aluminum market.
Century Aluminum Company (NASDAQ: CENX) announced the commencement of construction for a new low-carbon billet casthouse at its Grundartangi, Iceland smelter. The project, with an investment of $120 million, aims for 150,000 tonnes of billet production starting in Q1 2024, while increasing annual capacity for primary foundry alloys from 60,000 to 120,000 tonnes. The expansion is expected to create 90 jobs and enhance product premiums by replacing standard-grade ingot production. Utilizing Iceland's renewable energy resources, the Natur-Al™ billets will significantly lower CO₂ emissions, targeting European market demand.
Century Aluminum Company (NASDAQ: CENX) will announce its third quarter 2021 earnings on November 3, 2021, after market close. A press release will follow through GlobeNewswire.
Following the earnings report, a conference call is scheduled for the same day at 5:00 p.m. Eastern Time. The call will be webcast live on the company's website, with a replay available two hours post-event.
Century Aluminum Company (CENX) reported its second quarter 2021 results with key highlights including a realized LME aluminum price of $2,155/T, up $215/T from the previous quarter. Net sales grew 19% sequentially to $528 million, despite a net loss of $35.1 million, an improvement of $104.9 million from Q1. Adjusted EBITDA rose to $34.4 million, driven by higher aluminum prices. The company secured a power contract extension in Iceland, ensuring 100% renewable energy through 2026 and supporting future growth in value-added products.