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Century Aluminum Company (NASDAQ:CENX) has announced plans to restart over 50,000MT of idled production at its Mt. Holly, SC smelter. Century will invest approximately $50 million in the effort, create over 100 new jobs and boost U.S. domestic aluminum production by almost 10 percent. The restart will enable the plant, currently operating at 75 percent capacity, to achieve full production by June 30, 2026, a level not seen since 2015.
The restart comes as a direct result of President Trump's application of Section 232 tariffs for primary aluminum, most recently increasing the tariffs to 50% on aluminum imports without exceptions or exemptions.
"Today's announcement was made possible by President Trump's commitment to onshoring manufacturing of critical metals, protecting America's national security, and to protecting American workers in our industry whose expertise is needed to ensure future generations do not have to rely on foreign supplies to build our communities and grow our economy," said CEO Jesse Gary. "Our team stands ready to continue leading the resurgence of domestic primary aluminum, starting with bringing our Mt. Holly smelter back to full production."
At full capacity Mt. Holly smelter has an economic impact of over $890 million annually in the state of South Carolina, driven in part by the average wage of $100,000 for jobs directly supported by Century Aluminum, according to University of South Carolina study released in 2024.
The restart was made possible with the help of South Carolina Public Service Authority (Santee Cooper), Mt. Holly's power supplier. The parties worked cooperatively to reach an agreement in principle to extend the current contract through 2031 to purchase the additional power necessary for the restart. The final details of the restart will be subject to a definitive agreement with Santee Cooper, along with confirmation of economic incentives provided by Berkeley County and the state of South Carolina.
Posted In: CENX
