$CENX

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.

U.S. and Canada are reportedly close to a tariff agreement. Auto tariffs may drop to 15% (or lower based on U.S. content), while steel and aluminum tariffs could fall to 25%. Talks must conclude by Saturday. Nucor, Steel Dynamics, Century Aluminum, and Cleveland-Cliffs stocks fell sharply. Tesla and Ford commented on their U.S. content.

Shares of U.S. steel and aluminum companies Nucor (NUE), Steel Dynamics (STLD), Century Aluminum (CENX), and Cleveland-Cliffs (CLF) fell on Wednesday after reports that the U.S. may halve tariffs on Canadian steel and aluminum imports to 25%. The tentative deal is not finalized and may not apply universally. Talks between the U.S. and Canada continue, with a broader trade agreement deadline on Friday.

U.S. steel stocks fell Wednesday after a Bloomberg report indicated planned tariff reductions on Canadian steel and aluminum imports. Steel Dynamics (STLD) dropped 7%, Nucor (NUE) and Century Aluminum (CENX) declined over 6%, and Cleveland-Cliffs (CLF) fell around 4%. The report cited people familiar with the matter but could not be immediately verified.