Century Aluminum CFO Details Mount Holly Restart, $300M EBITDA Run-Rate and Oklahoma Smelter Plan

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MarketBeat

Tue, February 24, 2026 astatine 10:47 AM CST 8 min read

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Century says existent spot prices connote astir $300 cardinal quarterly run-rate adjusted EBITDA (about $80M supra its $225M guide), and the Mount Holly restart — adding 50,000 tons to scope ~220,000 tons — should wage backmost earlier year-end and beryllium "very, very" profitable.
Century and Emirates Global Aluminium volition spouse (EGA 60% / Century 40%) to physique a 750,000‑ton Inola, Oklahoma smelter, with a $500 cardinal DOE assistance secured and power, engineering/capex and financing milestones targeted this twelvemonth up of a Q4 last concern decision.
The institution sold the idled Hawesville tract to TeraWulf for $200 cardinal cash portion retaining a 6.8% involvement and a enactment option, and says security proceeds positive a $175 cardinal Section 45X receivable person it astatine its nett indebtedness targets arsenic it prioritizes integrated investments.
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Century Aluminum (NASDAQ:CENX) Chief Financial Officer Peter outlined the company’s operating footprint, near-term net sensitivity to aluminum and powerfulness prices, and advancement connected respective strategical initiatives, including the restart of idled U.S. capacity, a planned caller smelter successful Oklahoma, and the precocious announced merchantability of its Hawesville site.

Peter said Century is presently the largest superior aluminum shaper successful the U.S., with assets positioned successful what helium described arsenic 2 of the “shortest markets” globally: the U.S. and Europe. The institution operates 2 U.S. smelters—Sebree, Kentucky, and Mount Holly, South Carolina—and besides owns the Grundartangi smelter successful Iceland, which helium said produces 300,000 tons of superior aluminum for the European market.

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In the U.S., Peter said Century has 450,000 tons of capableness erstwhile Mount Holly is “up and running,” and noted the institution is moving toward 1.4 cardinal tons of nameplate capacity. He besides highlighted the company’s upstream vulnerability successful Jamaica done bauxite mining and an alumina refinery producing 1.2 cardinal tons annually.

Peter said the Mount Holly enlargement is scheduled to statesman successful April, with Century readying to restart the past 25% of idled capableness and ramp it done the 2nd quarter. He said the restart involves 50,000 tons of incremental volume, bringing Mount Holly to astir 220,000 tons of yearly production, with completion expected by the extremity of June.

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