Century Aluminum (CENX) Plans New US Smelter After Higher Aluminum Tariffs

Century Aluminum Company (NASDAQ:CENX) is one of the 10 Best Small-Cap Stocks to Buy According to Billionaires. On June 2, Century Aluminum Company (NASDAQ:CENX) praised President Trump’s decision to raise tariffs on imported aluminum from 25% to 50%.

This move aims to encourage investment and job growth in the US aluminum industry and support the nation’s domestic production of critical metals.

With this support, Century Aluminum Company (NASDAQ:CENX) has announced plans to build the first new aluminum smelter in the US in 50 years. The company also intends to double its domestic production.

Century Aluminum Company (NASDAQ:CENX) is the largest producer of primary aluminum in the US. The company is an integrated producer of bauxite, alumina, and primary aluminum products. It also has production facilities in Iceland, the Netherlands, and Jamaica.

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Disclosure: None. This article is originally published at Insider Monkey.