Skip to main content

Century Aluminum Applauds President Trump’s Action to Spur Domestic Aluminum Production

Written by Customer Service on . Posted in Public Companies.

CHICAGO, July 20, 2026 (GLOBE NEWSWIRE) — Century Aluminum Company (NASDAQ: CENX) applauds President Donald Trump’s latest executive order to incentivize investments that make American manufacturing great again. Signed today, the executive order allows companies investing in new primary aluminum production in the United States to import a commensurate amount of primary aluminum at a reduced tariff rate. The new tariff rate for such companies will now be 25%, down from 50% for such imports.

Century Aluminum and Emirates Global Aluminum (EGA) announced in February plans to jointly build a new aluminum smelter in Inola, Oklahoma. It will be the largest single investment ever in U.S. primary aluminum production with potential to more than double the nation’s current output.

“President Trump is again prioritizing America first by making it easier to make investments like Oklahoma Primary Aluminum,” said CEO Jesse Gary. “We are grateful for the President’s steadfast support, which strengthens our commitment to supply critical metal to vital American industries like defense and aerospace. Century is proud to lead the revitalization of the domestic primary aluminum industry.”

The new Oklahoma Primary Aluminum smelter is expected to have capacity for 750,000 tonnes of primary aluminum production and will add over 1,000 direct jobs and 4,000 construction jobs. In addition to Oklahoma Primary Aluminum, Century Aluminum recently announced expanding capacity at its Mt. Holly plant that will increase total U.S. primary aluminum production by 10% and add another 150 jobs in South Carolina.

About Century Aluminum Company

With its corporate headquarters located in Chicago, IL, Century Aluminum owns and operates primary aluminum smelting facilities in the United States and Iceland and is the majority owner and managing partner of the Jamalco alumina refinery in Jamaica. Visit www.centuryaluminum.com for more information.

        Investors: Chad Rigg, 312.696.3132, investorrelations@centuryaluminum.com
        Media: Tawn Earnest, 614.698.6351, tawn.earnest@centuryaluminum.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.