Citing Trump Tariffs, Century Slowly Ramping Up Operations At Mount Holly Plant
Though guarded, a sense of optimism has begun to return to Goose Creek, South Carolina, as production is slowly but...
Mt. Holly Smelter
Century Signs Two-Year Power Deal With Santee Cooper To Power Mt. Holly Smelter
American aluminium smelter Century Aluminum announced the signing of a two-year power contract with the South Carolina Public Service Authority (Santee Cooper) for its Goose Creek smelter, assuring its operation through at least the close of 2020. Per the company’s press release,...
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...
Federal Judge Rejects Century Aluminum’s Antitrust Argument in Case Against Santee Cooper
Century Aluminum finds itself in a precarious position after a court hearing on Friday in which the presiding judge affirmed...
Events
Favorable Power Agreement May Result in Aluminium Capacity Restart: Century CEO Bless
Century Aluminum’s president and CEO told investors on Wednesday that his firm would instantly begin the process of reopening the 100 thousand metric tons per year of idled aluminium smelting capacity it has in the United States if the price it paid for power at its Mt. Holly smelter were lowered. Michael Bless made the […]
Century Files Suit Against Santee Cooper Over Electricity Supply for Mt. Holly Smelter
The fight to keep Century’s smelter at Mt. Holly running was taken to federal court yesterday, as the firm filed suit against state-owned South Carolina Public Service Authority, known colloquially as Santee Cooper, alleging violations of state and federal antitrust laws. Century’s lawsuit alleges that Santee Cooper has been operating without meaningful state or federal […]
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 […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
