Century Aluminum Company
CENX
ISIN null / Valor 448405
Century Aluminum Company
UMushroom community rating:
About company
Century Aluminum Company is a global metals and mining enterprise specializing in the production of bauxite, alumina, and aluminum. The company operates several key facilities, including the Hawesville plant in Kentucky, which is its largest U.S. operation with a production capacity of approximately 250,000 metric tonnes per year. In Iceland, the Grundartangi smelter stands as the company's most modern and cost-efficient facility, capable of producing around 317,000 metric tonnes of aluminum annually. Century Aluminum also owns the Mt. Holly smelter in South Carolina, with a capacity of 229,000 metric tonnes per year, and the Sebree smelter, which produces about 220,000 metric tonnes annually. Additionally, the company holds a 55-percent interest in the Jamalco bauxite mining and alumina refinery in Jamaica, which has a capacity of 1,400,000 tonnes per year. Century Aluminum's operations extend to the Netherlands, where it owns a carbon anode production facility in Vlissingen, with an annual capacity of 157,000 tonnes. Through these diverse operations, Century Aluminum serves a global market, focusing on efficient and economic production processes.
Summarized from source with an LLMView SourceSector: Non-Energy MaterialsLatest Results (12.10.2025):
Century Aluminum Company reported its third quarter of 2024 financial results, showcasing significant improvements in net income and adjusted EBITDA, supported by higher realized aluminum prices and enhanced tax benefits.
Net Sales
Net sales for the third quarter of 2024 were $539.1 million, a decrease of $21.7 million sequentially compared to the prior quarter. This decline was primarily due to lower third-party alumina sales, partially offset by higher LME aluminum prices and product premiums.
Net Income
The company reported a net income attributable to Century stockholders of $47.3 million for Q3 2024, a $49.8 million increase from the previous quarter. This growth was driven by the recognition of $34.9 million in Inflation Reduction Act Advanced Manufacturing credits and higher aluminum price realization, offset by higher power costs and exceptional items.
Adjusted EBITDA
Adjusted EBITDA for the third quarter of 2024 reached $103.7 million, up by $69.5 million sequentially. The increase was primarily due to favorable realized LME and regional price premiums of $31.7 million and the recognition of additional Section 45X tax credits totaling $34.9 million.
Liquidity Position
As of September 30, 2024, Century Aluminum maintained a strong liquidity position with $32.6 million in cash and cash equivalents and $246.3 million in combined borrowing availability, totaling $278.9 million.
Tax Credit Benefits
The final Section 45X rules included direct and indirect material costs as eligible for a 10% production tax credit, increasing Century Aluminum’s benefits by $34.9 million for the third quarter of 2024.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2521 M
Market cap (USD)
2,501,335
Daily traded volume (Shares)
18.38 / 17.83
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
