RegulatoryJul 20, 2026, 05:49 PM
Century Aluminum Applauds Tariff Reduction for US Aluminum Production
AI Summary
Century Aluminum Company applauded President Donald Trump's executive order, which reduces tariffs on primary aluminum imports from 50% to 25% for companies investing in new U.S. production. This policy directly supports Century Aluminum's joint venture with Emirates Global Aluminum to build the Oklahoma Primary Aluminum smelter, which will be the largest single investment in U.S. primary aluminum production with a 750,000-tonne capacity. The company also highlighted its recent expansion at the Mt. Holly plant, which will increase total U.S. primary aluminum output by 10% and create 150 jobs.
Key Highlights
- Executive order reduces primary aluminum import tariffs to 25% from 50% for investing companies.
- New Oklahoma Primary Aluminum smelter to have 750,000 tonnes capacity.
- Smelter project is the largest single investment ever in US primary aluminum production.
- Project expected to create over 1,000 direct jobs and 4,000 construction jobs.
- Mt. Holly plant expansion to increase total US primary aluminum production by 10%.
- Mt. Holly expansion to add 150 jobs in South Carolina.
Price Impact
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