$CENX

Barclays initiated coverage on Century Aluminum (CENX) with an Equalweight rating and a $40 price target. The bank sees CENX as a beneficiary of U.S. trade policies, expecting 21% volume growth in 2027. CENX's stock trades at a P/E ratio of 5.66, down 46% in six months. UBS initiated coverage with a Buy rating and a $60 target, citing volume growth and strong cash flow. Q2 2026 earnings beat estimates, but revenue missed expectations.

UBS lowered its price target for Century Aluminum from $60 to $55 but kept its buy rating. The stock is currently trading at $36.58, up 1.51% on the day but down 6.66% over 5 days.

Emirates Global Aluminium and Century Aluminum plan a $4B aluminum smelter in Oklahoma, facing local opposition and legal challenges. The Inola City Council extended a moratorium until 2027 and will hold a referendum. The companies aim to reduce emissions and release an economic impact study.

Emirates Global Aluminium (EGA) and Century Aluminum plan a $4B aluminium smelter in Oklahoma, targeting 750,000 tonnes/year. Construction may start in 2027, with full production by the decade's end. The project aims to strengthen US supply chains and reduce imports, using EGA's latest smelting technology. Environmental safeguards and stakeholder concerns are being addressed. The facility could create 1,000 jobs and benefit various manufacturing sectors.

Century Aluminum and Emirates Global Aluminum (EGA) reduced their proposed fluoride emission limit by 37% for a $4B aluminum smelter in Inola, Oklahoma, after community and regulatory concerns. The project, if approved, could create thousands of jobs and strengthen U.S. aluminum production. Developers will conduct further environmental tests to address safety concerns.

Four Inola residents filed a federal lawsuit against a proposed aluminum smelter project led by Century Aluminum and Emirates Global Aluminum. The suit claims the project violates the National Environmental Policy Act and seeks to halt federal funding until environmental impacts are assessed. The Oklahoma Department of Environmental Quality is reviewing air permits, and other legal actions are also underway.

The Trump administration supports a $4 billion aluminum smelter in Inola, owned by Oklahoma Primary Aluminum (a joint venture between a UAE company and Century Aluminum). The DOJ filed court documents backing the project, citing national defense and economic security. The Oklahoma Attorney General sued to halt development, citing environmental concerns. The DOJ seeks to deny a pause and dismiss the case. Century Aluminum (CENX) is involved.

Aluminum stocks AA, KALU, and CENX rallied after Emirates Global Aluminium halted operations due to Iranian attacks. Aluminum prices rose 2% on the LME. JPMorgan upgraded AA to 'Neutral' with a $68 target and raised KALU's target to $124. AA, KALU, and CENX gained 32%, 11.5%, and 57.5% YTD, respectively.

Century Aluminum (CENX) stock rose 2.9% in pre-market trading due to U.S. tariffs on Canadian goods, benefiting U.S. steel and aluminum companies. The company reported strong Q2 2026 earnings, with net income of $249.3 million and revenue up 20% year-over-year. Analysts from UBS and BMO Capital have issued Buy ratings, and institutional investors like BlackRock and Vanguard have increased their stakes. The rally is driven by company-specific factors, as broader market indices are slightly lower.

U.S. steel stocks like Nucor, Steel Dynamics, Cleveland-Cliffs, and Century Aluminum may rise due to collapsed U.S.-Canada trade talks. New 50% tariffs on $20B of Canadian goods took effect, potentially benefiting these companies.