Century Aluminum(NASDAQ) CENX

Century Aluminum Company makes raw aluminum for industrial use. This metal helps manufacturers build items like cars and construction parts. The company serves large industrial customers in the United States and Iceland.

What Does Century Aluminum Do?

• Primary Aluminum: Standard and specialized metal products manufactured at smelting facilities in the United States and Iceland.
• Alumina: Refined material used to create aluminum, sourced through a 55% joint venture interest in a Jamaican refinery.
• Carbon Anodes: Essential components consumed during the smelting process, produced at a dedicated facility in the Netherlands.
• Value-Added Products: High-quality aluminum variants that earn extra price premiums above the base commodity market price.

Building for the Future

• Partnered with Emirates Global Aluminium in Jan. 2026 to develop a new primary aluminum smelter in Oklahoma.
• Completed the sale of the Hawesville facility in Feb. 2026 for $200 million and a minority equity stake.
• Entered into a cooperative agreement with the U.S. Department of Energy for up to $500 million in funding.
• Restarted production lines at the Mt. Holly facility to expand domestic primary aluminum manufacturing capacity.

Integrated Operations and Trade Tariffs

Century operates a vertically integrated model by producing its own carbon anodes and sourcing alumina through internal refinery interests. This structure helps the company manage the essential materials needed for its smelting operations in several countries.

Recent Financial Results

• Total net sales reached $1,401.3 million for the six-month period ended June 30, 2026.
• Net income attributable to stockholders was $586.8 million for the six months ended June 30, 2026.
• Cash and cash equivalents totaled $343.4 million as of June 30, 2026, compared to $134.2 million at the end of 2025.
• Market capitalization increased by 170.9% year over year to reach $4.6 billion in the second quarter of 2026.
• The company received $83.1 million in insurance recoveries as of June 30, 2026, following an equipment failure in Iceland.

Bottom Line

Century Aluminum has shifted its focus toward modernizing domestic production and divesting older assets to improve efficiency. The company remains a key player in the metals market through its integrated supply chain and international smelting operations.