Bechtel to lead preparatory engineering work on Oklahoma aluminum project Bechtel INOLA, Okla., Feb. 09, 2026 (GLOBE NEWSWIRE) -- Emirates Global Aluminium, the largest ‘premium aluminum’ producer in the world, and leading American primary aluminum producer Century Aluminum today announced the selection of American firm Bechtel to conduct preparatory engineering for their planned primary aluminum production plant in Inola, Oklahoma. Bechtel is undertaking the design of the new plant with a strong focus ...

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - The trading logic of the aluminum market has deviated from fundamentals, with the focus on factors like the US dollar, liquidity, and precious metals. Despite some marginal changes in supply, the long - term growth logic of aluminum remains unchanged, but it is experiencing a short - term correction [4]. - The report上调s the 2026 overseas and domestic electrolytic aluminum production forecasts. However, the market is more sensitive to supply cuts than increases, and the long - term bullish view on aluminum as a hedging asset and its connection to new energy and the new economy persists [4]. - For the short - term market, it is advisable to wait for volatility to subside before making trading decisions [4]. Summaries Based on Related Catalogs 1. Week - on - Week Changes and Outlook - Since the beginning of the year, the aluminum price trend has been highly synchronized with volatility, and the trading logic has deviated from aluminum fundamentals. The focus is on the US dollar, liquidity, and precious metals [4]. - There have been marginal changes in the supply side at home and abroad, including the restart of production at some aluminum plants. The report上调s the 2026 electrolytic aluminum production forecasts for both overseas and domestic markets [4]. - The short - term decline in the number of receiving manufacturers is due to high prices screening out less - resilient downstream buyers. The market is more sensitive to supply cuts than increases [4]. - The short - term view is to wait for the volatility to stabilize before trading [4]. 2. Latest Production Launch Tables of Domestic and Overseas Aluminum Plants - **Overseas**: The production expectations of three overseas plants have been revised upwards. The Lista aluminum plant in the US has restarted 31,000 tons of idle capacity after renewing its power contract. The expected restart time of the Grundartangi aluminum plant in Iceland has been advanced, and the Mozal aluminum plant in Mozambique is expected to have a partial production cut instead of a complete shutdown [7]. - **Domestic**: A northeast domestic aluminum plant with a built - in capacity of 752,500 tons and a current operating capacity of 420,000 tons plans to restart about 300,000 tons of idle capacity in mid - to - late March [7]. 3. Overseas Aluminum Plant Power Contract Progress - The power contract of the US Lista aluminum plant has been renewed to 2035, and it restarted 31,000 tons of idle capacity in January 2026. Other plants also have different power contract situations and production statuses [9]. 4. Overseas Aluminum Plant Production Launch Schedule - In 2026 and the long - term, there are various production - related activities overseas, including new construction, expansion, and restart of production at different aluminum plants. The annual total planned new production capacity in 2026 is 1.7355 million tons [10]. 5. Expected Table of New Domestic Electrolytic Aluminum Projects in 2026 - There are different types of projects in China, such as replacement, expansion, and production restart. The total new production capacity in 2026 is expected to be 1.127 million tons, with limited net - increase capacity from replacement projects [13]. 6. Supply - Demand Balance Sheets at Home and Abroad - The report上调s the 2026 overseas and domestic electrolytic aluminum net - increase production forecasts by 120,000 tons and 195,000 tons respectively. The supply - demand balance shows a slight deficit in 2026 [16]. - The long - term growth logic of aluminum remains unchanged, and the market should tolerate short - term corrections [16]. 7. Cost and Profit - Alumina prices have been falling since mid - 2025, which is one of the reasons for the increased profits of aluminum plants. Electricity prices and pre - baked anodes are in a range - bound state [22]. - The average profit of electrolytic aluminum has dropped from about 8,700 yuan/ton last week to 7,000 yuan/ton this week, and the average cost has slightly increased to 16,200 yuan/ton due to a 0.01 - yuan/degree increase in electricity prices [26]. 8. Internal - External Price Ratio - The Shanghai - London ratio has fluctuated. After rising to a phased high on January 7, it has declined. The LME aluminum price led the decline, and the domestic market followed. The internal - external price ratio is currently range - bound [31]. - The overseas spot premiums in North America and Japan have increased week - on - week [31]. 9. Downstream and Inventory - The downstream operating rate is at a seasonal low, especially for aluminum sheets, foils, and strips. It is expected to recover after the holiday [45]. - As of Thursday, the social inventory of electrolytic aluminum has increased, while the LME aluminum inventory has decreased. The social inventory of aluminum rods has also increased [48]. - The processing fee of aluminum rods has fluctuated after reaching a high this week [54].

U.S. equities experienced a challenging day on Thursday, February 5, 2026, as a significant sell-off in technology stocks and discouraging reports from the job market weighed heavily on investor sentiment. The tech-heavy Nasdaq Composite (NDAQ) and the benchmark S&P 500 (SPX) both closed sharply lower, marking their third consecutive day of losses, while the Dow Jones Industrial Average (DJIA) also retreated amidst a broad "risk-off" environment.The S&P 500 fell 1.2% to close at 6,798.40, recording its sixt ...

CHICAGO, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) will report fourth quarter 2025 earnings on Thursday, February 19, 2026, after market close. The news release will be issued through GlobeNewswire. The company will hold a follow-up conference call on Thursday, February 19, 2026, at 5:00 p.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website, located at www.centuryaluminum.com. Plan to begin the registration process at least 10 minut ...

Century Aluminum Company (NASDAQ:CENX) is one of the cheap hot stocks to invest in right now. On January 26, Century Aluminum announced that it is set to take a 40% stake in a JV with Emirates Global Aluminium/EGA to build the first primary aluminum smelter in the US in nearly 50 years. Located in Inola, Oklahoma, the project is expected to involve an investment of ~$4 billion, with EGA retaining the remaining 60% ownership. Construction is scheduled to begin by the end of 2026, with production aimed to st ...

Key Takeaways Century Aluminum sold its former Hawesville, site to TeraWulf to build a digital infrastructure campus. CENX retains a non-controlling minority stake, preserving exposure to long-term upside and community impact. The project advances TeraWulf's push to meet growing AI and data center demand. Century Aluminum Company (CENX) recently announced the divestment of its Hawesville, KY, facility to TeraWulf Inc., which intends to transform the location into a large-scale digital infrastructure campus ...

【浙商金属】世纪铝业出售25万吨霍斯维尔铝冶炼厂给数据中心开发商 未来潜在变化：根据IAI统计，2024年底全球电解铝耗能936TWH，其中北美耗能54TWH，根据Mckinsey预 测，2030年，美国数据中心 【结论】现有低库存水平下，铝价逐步跳出过去三年的区间震荡，进入铝价上升的主升浪，＃铝价向上空间打 开！ 风险提示：产能变化超预期，宏观政策变化等。 【浙商金属】世纪铝业出售25万吨霍斯维尔铝冶炼厂给数据中心开发商 据公司新闻，世纪铝业将其位于肯塔基州霍斯维尔市、年产能25万吨的闲置铝冶炼厂出售给数据中心开发商泰拉 沃尔夫（TeraWulf），配套电力约480MW，该厂区将被改造重建为数字基础设施园区。 建筑影响减弱，工业材+电力+交通增量需求集中释放。 据公司新闻，世纪铝业将其位于肯塔基州霍斯维尔市、年产能25万吨的闲置铝冶炼厂出售给数据中心开发商泰拉 沃尔夫（TeraWulf），配套电力约480MW，该厂区将被改造重建为数字基础设施园区。 一、十五五规划国家电网投资四万亿，同增40%；二、全球数据中心的用电量估计从415太瓦时（TWh），到2030 年达到约945太瓦时。 未来潜在变化：根据IAI ...

CHICAGO, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) today announced the sale of the Hawesville, Kentucky site, which will be redeveloped by TeraWulf Inc. (NASDAQ:WULF) into a digital infrastructure campus supporting high-performance computing and artificial intelligence workloads. Century will retain a non-controlling minority equity stake, reflecting its continued interest in the site’s productive reuse and long-term benefits to the Hawesville community. The redevelopment of ...

Core Insights - The CEO of Century Aluminum Company, Jesse Gary, sold 150,000 shares for approximately $7.2 million, coinciding with a significant stock surge and upcoming major plans for the company [1][2] Company Overview - Century Aluminum Company is a leading producer of various metals, including primary aluminum products, operating in the U.S. and Iceland, with additional facilities in the Netherlands and Jamaica [5] - The company reported a revenue of $2.53 billion and a net income of $80.80 million for the trailing twelve months (TTM) [4] - The company has experienced a 149.34% increase in stock price over the past year [4] Recent Developments - On January 26, Century Aluminum announced a partnership with Emirates Global Aluminum to establish the first aluminum smoldering plant in the U.S. in 47 years, expected to create 1,000 jobs [8] - The U.S. administration is pushing to increase domestic aluminum production, with Century Aluminum holding a 40% stake in the new plant, which is significant given the high demand for aluminum [9] Transaction Analysis - The recent sale of 150,000 shares by Jesse Gary is larger than his previous median sell transactions, representing 20.84% of his total holdings at the time, compared to a prior median of 15.38% [7] - The shares were sold at a weighted average price of $48.19, close to the market close price of $48.71 on the transaction date, indicating the sale occurred at historically elevated price levels [7]

Core Insights - The American aluminum industry is experiencing a resurgence due to national security concerns, supply-chain vulnerabilities, and competition from China [1] - Aluminum is increasingly recognized as a strategic material essential for defense readiness and economic security [1] Industry Overview - The importance of aluminum extends beyond consumer goods, impacting various sectors including homes, vehicles, aircraft, and military systems [4] - Aluminum is integral to national defense, with applications in tank armor, fighter jets, and missile propellant [4] Supply Chain Dynamics - The current aluminum supply chain is described as "thin," with minimal margin for disruption, indicating high vulnerability to incidents such as plant fires [5] - A disruption in the supply chain could have widespread implications, affecting production across various consumer products [5] Policy Impact - The U.S. aluminum industry has seen a significant reduction in smelters, from dozens to just a few, prior to the implementation of tariffs [5] - Trade protections initiated during President Trump's administration have contributed to a rise in aluminum production [6] Economic and Community Impact - New aluminum production capacity is expected to create long-term industrial clusters, attracting related businesses and sustaining jobs for generations [7] - Investments in aluminum production are anticipated to resonate within communities for decades, with expectations for smelters to operate for over 50 to 100 years [7]