Century Aluminum to invest $50M in Mt. Holly smelter restart in South Carolina
me-metals: Century Aluminum (NASDAQ: CENX) announced Thursday it plans to restart over 50,000 metric tons of idled production at its Mt. Holly smelter in South Carolina.
According to me-metals cited from mining.com, The company said it will invest approximately $50 million in the effort, creating over 100 new jobs and boosting US domestic aluminum production by almost 10%.
The restart will enable the plant, currently operating at 75% capacity, to achieve full production by June 30, 2026, a level not seen since 2015.
The restart, it said, comes as a direct result of US President Trump’s application of Section 232 tariffs for primary aluminum, most recently increasing the tariffs to 50% without exceptions or exemptions.
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 the company, according to a University of South Carolina study released in 2024.
“Today’s announcement was made possible by President Trump’s commitment to onshoring manufacturing of critical metals … 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,” CEO Jesse Gary said in a news release.
“Our team stands ready to continue leading the resurgence of domestic primary us.”
source: mining.com
Related News
Top News
Three last month
Four last month
Six last month
First Quantum scores $1B streaming deal with Royal Gold
Newmont nets $100M payment related Akyem mine sale
Caterpillar sees US tariff hit of up to $1.5 billion this year
Gold price rebounds nearly 2% on US payrolls data
Goldman told clients to go long copper a day before price plunge
Australia pledges $87M to rescue Trafigura’s Nyrstar smelters in critical minerals push
Copper price posts second weekly drop after Trump’s tariff surprise
One dead, five missing after collapse at Chile copper mine
Idaho Strategic rises on gold property acquisition from Hecla
Century Aluminum to invest $50M in Mt. Holly smelter restart in South Carolina
Australia to invest $33 million to boost Liontown’s Kathleen lithium operations
Glencore warns of cobalt surplus amid DRC export ban
SSR Mining soars on Q2 earnings beat
VIETNAM-ITALY STEEL NEW ROLLING MILL IN OPERATION
A Danieli greenfield project for competitive, quality rebar production
China limits supply of critical minerals to US defense sector: WSJ
Alba Hits 38 Million Safe Working Hours Without LTI
ARCELORMITTAL JINXI SELECTS DANIELI TECHNOLOGY AND EQUIPMENT FOR TANDEM MILL PROJECT
Advanced cold-rolled strip for China’s New Energy Vehicle market
Codelco seeks restart at Chilean copper mine after collapse
US slaps tariffs on 1-kg, 100-oz gold bars: Financial Times
Australia to invest $33 million to boost Liontown’s Kathleen lithium operations
Glencore warns of cobalt surplus amid DRC export ban
SSR Mining soars on Q2 earnings beat
A Danieli greenfield project for competitive, quality rebar production
China limits supply of critical minerals to US defense sector: WSJ
Alba Hits 38 Million Safe Working Hours Without LTI
Advanced cold-rolled strip for China’s New Energy Vehicle market
Codelco seeks restart at Chilean copper mine after collapse
US slaps tariffs on 1-kg, 100-oz gold bars: Financial Times
