Century Aluminum's Mt. Holly Expansion Boosts U.S. Production 10%, Draws Top Officials
CENX has more than doubled off its 52-week low of $20.21.
Summary
Century Aluminum is hosting a ribbon-cutting at its Mt. Holly smelter on July 27, with Commerce Secretary Lutnick, Senator Scott, and Governor McMaster attending. The expansion increases total U.S. primary aluminum production by about 10% and grows the Mt. Holly workforce to over 600. This follows President Trump's Section 232 tariff, which the company credits for enabling the ramp-up. The event signals operational progress and political support for domestic aluminum production, reinforcing the company's growth narrative after strong Q1 results and amid ongoing legal challenges to a separate $4B smelter project in Oklahoma.
At the time of this announcement, CENX was trading at $45.64 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $4.5B. The 52-week trading range was $20.21 to $70.43. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.