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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Aluminium hits a fresh six-year low as spot aluminium closed at $1,442 per metric ton in the London Metals Exchange (LME) on October 26. Prior to this, spot aluminium made a closing low of $1,496 per metric ton on August 24. Of all base metals, aluminium looks the weakest as of now in the commodity...
Century Aluminum of South Carolina, a wholly-owned subsidiary of Century Aluminum Company today issued a notice to employees at its Mt. Holly, South Carolina aluminum smelter of its intent to curtail plant operations if the smelter is unable to secure a competitively priced power arrangement to...
Century Aluminum says about 250 employees will remain working at its Hawesville Smelter in western Kentucky. The Messenger-Inquirer reports in a statement Wednesday, the company said that the plant will continue operating at about 40 percent capacity after October 24. Company officials had...
According to a study conducted by the Industrial Info Resources, Sugar Land, Texas, aluminium smelters across the United States have gone through a distressed phase of cutbacks and closures, amid a global oversupply and resultant price decline. Even so, downstream aluminium-related projects in the...
Century Aluminum of Kentucky, a wholly-owned subsidiary of Century Aluminum Company, today announced that it expects to continue to operate its Hawesville, Kentucky smelter at approximately 40% of capacity (two potlines) following October 24, 2015. Century had previously announced its intent to...
Century Aluminium is all set for large-scale cost reduction; and this includes plans of huge layoffs at the company's Hawesville, Kentucky plant location- a decision likely to affect as many as 600 employees, if not more. The layoffs, made inevitable by the highly volatile metal market condition,...
Sinking aluminum prices and a ballooning surplus of the metal have deepened the industry's worst crisis in years, intensifying pressure on high-cost smelters to embark on another round of production cuts to revive prices from their malaise. The 25 percent drop since last September has pushed...
Century Aluminum of Kentucky, a wholly-owned subsidiary of Century Aluminum Company, announced the orderly curtailment of one potline at its Hawesville, Kentucky aluminium smelter, effective immediately. Following the curtailment, Hawesville's primary aluminium production will be about 60% of...
Following the recent announcement by Century Aluminum of its plans to idle its aluminum smelter in Hawesville in October and lay off most of the plant's 565 employees, Brian Wright, president and CEO of the Owensboro Riverport Authority clarified the port's board that the acres of aluminum ingots...
Century Aluminum of Kentucky, a wholly-owned subsidiary of Century Aluminum Company, today issued a notice to employees at its Hawesville, Kentucky aluminum smelter of its intent to curtail its plant operations beginning on October 24, 2015 unless the current pricing environment substantially...
Century Aluminum has announced several cost reduction initiatives during its 2Q15 earnings call. Several mining companies, including Freeport-McMoRan, have announced such initiatives. As commodity prices from aluminum to copper are testing their multi-year lows, cutting down on every possible cost...
Century Aluminum Company reported a net loss of $33.9 million ($0.39 per common share) for the second quarter of 2015. Results include a $30.9 million impairment charge ($0.35 per common share) related to the permanent closure of our Ravenswood smelter and a $25.7 million charge ($0.30 per common...
Aluminium settled down -0.2% at 100.35 even after Century Aluminium curtailed capacity at one of its four smelters. Prices also seen under pressure as the market focused on a growing supply glut due to surging exports from top producer China and high stocks. China's exports of primary aluminium...
Ending a years-long battle with public officials, former employees and utility companies, Century Aluminum announced at 8 p.m. July 27 it will permanently close its Ravenswood, WV plant, effective immediately. The Ravenswood smelter had been idled since February 2009, putting 650 employees out of...
Century Aluminum Company will report second quarter 2015 earnings on Thursday, August 6th after the close of market trading. The news release will be issued through Marketwired. The company will hold a follow-up conference call on Thursday, August 6th at 5:00 p.m. Eastern time. The earnings call...
Century Aluminum of Kentucky General Partnership, a subsidiary of Century Aluminum Company, announced today that a new, five-year collective bargaining agreement was ratified by the United Steelworkers Local 9423 on June 11, 2015 for the Company's Hawesville, Kentucky smelter. The new contract is...
The union members belonging to United Steelworkers will vote today on the tentative agreement put forward by the company as a solution to end the one-month long lockout at Century Aluminum’s Hawesville, Kentucky smelter. If ratified by the union, workers are expected to return to work on Monday. A...
Aluminium settled up 0.09% at 110.85 gave up it's earier gains after U.S. aluminum premiums have fallen to their Lowest in more than three years as imports and scrap suppLies remain high and merchants unwind Long positions, extending an unprecedented, months-Long rout. The premiums that fabricators...
