Mt. Holly Smelter

Another Bill to Allow Century to Purchase Power on the Open Market for Mt. Holly Smelter Dies in Committee

Another Bill to Allow Century to Purchase Power on the Open Market for Mt. Holly Smelter Dies in Committee

A second attempt at obtaining a power rate reduction for Century Aluminum’s plant in Mount Holly, South Carolina came up short last week in the state’s legislature. A bill introduced late last month that would allow the smelter to obtain the entirety...

Events

Century Aluminum Inks New Market-Based Power Agreement for Imperiled Mt. Holly Plant

Chicago’s Century Aluminum announced Wednesday that it has come to a new agreement with a third-party power supplier to provide enough electricity to meet approximately three-quarters of its Mt. Holly, South Carolina, plant. According to the relevant press release, Santee Cooper would provide the remaining one quarter of the plant’s power needs. As a result, […]

Century’s Earnings Down for the First Quarter

Century Aluminium reported first quarter earnings on Thursday, turning in a net loss of US$16.2 million in the challenging opening months of the year. The Chicago-based firm cites the continuing manipulation of the global aluminium market by the People’s Republic of China. Adjusting for a lower of cost or market inventory of US$5.8 million, the […]

Century Aluminum Turns In Weaker Numbers for 2015

Chicago’s Century Aluminum reported fourth-quarter and year-end results for 2015 on Thursday. The firm turned in a net loss of US$43.1 million for the quarter, and US$59.3 million for the year. A drop in sales and the resulting drop in shipments hit the company hard, as sales in Q4 2015 were $383.9 million compared with […]