Century Aluminum Co (CENX): Why Capacity Expansion Amid Aluminum Tariffs?

Century Aluminum Co (NASDAQ:CENX) is among the best 52-week high US stocks to buy. On April 16, Century Aluminum Co (NASDAQ:CENX) announced that it had begun production at its expanded smelter plant in Mt. Holly, South Carolina. The company said that the expanded facility is expected to reach full production capacity by the end of June this year.

At full operation, the expanded Mt. Holly smelter will increase Century Aluminum’s primary aluminum production by 10%. This will strengthen the company’s leading position as the top primary aluminum producer in the US.

Century Aluminum plans to further expand its US production. In partnership with Emirates Global Aluminum, Century Aluminum plans to build a new aluminum smelter in Oklahoma. This plant would add 750,000 tonnes of primary aluminum production and double the current US production capacity.

Notably, Century Aluminum’s expansion efforts come amid the push to build a strong domestic supply chain of metals like aluminum.

On April 2, Century Aluminum applauded President Donald Trump’s executive order to fully enforce aluminum tariffs. The company noted that the new order would prevent aluminum importers from exploiting a valuation loophole to game the system at the expense of domestic manufacturers.

Century expects to report Q1 2026 adjusted EBITDA in the band of $215 million to $235 million. It expected the quarter to benefit from improved metal pricing. The company delivered adjusted EBITDA of $170.6 million in Q4.

Century Aluminum Co (NASDAQ:CENX), headquartered in Chicago, Illinois, is a global metals company mainly focused on aluminum production. It has operations in the US, Iceland, the Netherlands, and Jamaica. Century Aluminum is the largest primary aluminum producer in the US.

READ NEXT: 9 Must-Buy Penny Stocks to Invest In Now and 10 Best AI Stocks to Buy Under $25.

Disclosure: None. Follow Insider Monkey on Google News.