Century Aluminum shares rose 4.4 per cent to USD 45.89 on August 27, extending a strong 2026 rally, but GuruFocus' GF Value model puts the stock's estimated intrinsic value at just USD 23.25. Century Aluminum Co's stock is moving in two very different directions depending on which metric you look...
The US' push to rebuild its domestic aluminium industry has been underway for years, with tariffs playing a central role in the strategy. But as Washington tries to attract new smelting investment, opposition to a major proposed project in Oklahoma is raising questions about how easily the country...
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Century Aluminum Company reported a net loss of $43.1 million for the fourth quarter of 2015. Results were favorably impacted by a $23.5 million lower of cost or market inventory adjustment and $3.4 million related to non-cash, non-recurring post-retirement benefits. Results were negatively...
Glencore converted some of its preferred shares in mid-sized US aluminium producer Century Aluminum into common stock worth about $200 000 at the end of 2015, boosting its stake slightly, a filing showed on Tuesday. The Swiss trader and miner, which was already Century's largest shareholder,...
The board of directors of Santee Cooper authorized management to execute a new power supply contract for Century Aluminum's Mt. Holly plant. The three-year contract, which takes effect on Friday, January 1st, specifies Santee Cooper will deliver 100 percent of the plant's electric needs, according...
Aluminium producers across the United States have eased plans to cut primary aluminium smelting capacity, helping to slightly soften the blow to US anode-grade petroleum coke markets. The cuts still shrink the US aluminium industry's demand for coke by nearly one-third from 2014 levels. Early...
Century Aluminum’s Mount Holly smelter was due to shut down, probably for good; but just a couple days before the inevitable closure, president and CEO Michael Bless stepped in to try one last time to save several jobs from being lost. The aluminium smelter and its workers saw Bless working till...
Century Aluminum of South Carolina, Inc., a wholly-owned subsidiary of Century Aluminum Company, announced on Saturday, last week, that it has reached an agreement in principle with Santee Cooper that will allow the Goose Creek, SC plant to operate at half capacity while the state legislature...
Century Aluminum Co has abandoned plans to slash output at its Sebree, Ky., smelter due in part to a modest rebound in prices, a spokesman said on Thursday, the latest aluminium maker to backtrack on steps to cope with weak market conditions. The move comes as the company, whose largest shareholder...
Chicago-based Century Aluminum has announced its decision to operate the Mt. Holly, South Carolina smelter at 50% capacity. The company had earlier threatened to close the smelter on disputes with state-owned power supplier Santee Cooper over power rates at the smelter. Meantime, the company has...
Berkeley County lawmakers are scheduled to meet Monday afternoon with Santee Cooper’s chief executive officer over the fate of the Century Aluminum plant in Mount Holly. The informational meeting between the legislative delegation and CEO Lonnie Carter starts at 5 p.m. at the state-owned utility...
Century Aluminum began closing its Goose Creek plant Monday, a move expected to put 600 people out of work eventually. The company started to shut down one of the two lines that make aluminum at the plant, Century spokeswoman Samantha Dubay said. The first layoffs will come next week, with about...
The Mount Holly aluminum smelter in Goose Creek may shut down at the end of this year after owner Century Aluminum and electric utility Santee Cooper failed to reach an agreement on a new power contract for the plant. Michael Bless, Century’s president and CEO, said the closure “would be a tragedy”...
Tensions continue to mount among US producers of aluminum over the rise of imports from China. Despite weak commodity demand, Chinese producers continue to feed the production glut. As a consequence, aluminium prices are at their lowest levels in six years. Recently, Aluminium Corporation of China...
The United Steelworkers union, which represents workers at several U.S. aluminum smelters that will reduce or shutter production in the coming months, lent its support on Monday to a Century Aluminum campaign against cheap Chinese exports. USW, largest industrial union in North America with 1.2...
The misearbly distressed US aluminium industry is fighting for survival as the price of aluminium plumbs depths not seen since 2009. Century Aluminium, a company owned by the Glencore Group, that suffered huge losses in the recently ended quarter, is fighting back. A lobby group funded by Century...
Aluminum companies across the United States have come forward to form a new coalition aimed at fighting trade practices by China they think will cause potential damage to the U.S. aluminum indusrty in as little as eight to nine months. The coalition holds China responsible for heavily subsidizing...
Century aluminium Co, controlled by Glencore Plc, said it will curtail one of three potlines at its Sebree, Kentucky, aluminium smelter by December 31, the company's third capacity reduction in two months as weak prices bite. The curtailment will reduce the 210,000 tonne-per-year plant's capacity...
Governor Nikki Haley, South Carolina, said Wednesday, October 28, that the state has done all it can to keep Century Aluminum from closing its Berkeley County smelter and laying off 600 workers as a contractual impasse between the company and its power provider enters its final weeks. “The main...
Century Aluminum Company reported a net loss of $56.1 million ($0.65 per common share) for the third quarter of 2015. Results were negatively impacted by a $5.3 million charge ($0.06 per common share) for lower of cost or market inventory adjustments, a $0.4 million charge ($0.01 per common share)...
