$CENX

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.

Simply Wall St reports Century Aluminum (CENX) fell 8.8% after a Q2 2026 earnings rebound. The company posted revenue of $752.1M, net income of $249.3M, and EPS of $2.52 from continuing operations. It also returned key facilities to full capacity and advanced its Oklahoma smelter plans amid supportive U.S. tariff policy.

Century’s owner said the Oklahoma aluminum smelter project is expected to be approved to import up to 750,000 metric tons at a 25% reduced rate starting in 2027, split 60% to EGA and 40% to Century. Century expects up to 300,000 tons per year at the reduced rate and said Bechtel engineering, energy contract talks, and financing progressed in Q2 amid local opposition.

Century Aluminum (CENX) reported Q2 2026 results on an earnings call: net sales $752.1 million, adjusted EBITDA $326.9 million, and adjusted net income $257.3 million ($2.46/share). Aluminum shipments rose 6% sequentially to 130,632 tonnes. Cash was $343.4 million and net debt $98 million. Q3 adjusted EBITDA guidance is $325 million to $345 million.

Argus on Aug 12, 2026 raised its target price for Century Aluminum Co (CENX) to $55.00. The company produces primary aluminum and value-added products, operating smelter facilities in the United States and Iceland. The note is a stock-forecast update for investors.

Century Aluminum (CENX) shares fell 7.4% despite strong Q2 results. The company reported Q2 net sales of $752.1 million and adjusted EBITDA of $326.9 million. Q3 adjusted EBITDA guidance was $325 million to $345 million, and management cited higher realized metal prices and shipments. The article links the drop to positioning or valuation rather than a new negative event.