other material
confidence high
sentiment positive
materiality 0.85
DOE selects Century Aluminum for up to $500M grant to build first new US aluminum smelter in 45 years
CENTURY ALUMINUM CO
- Century awarded up to $500M DOE grant to construct new green aluminum smelter; first new U.S. primary smelter in 45 years.
- Project would double size of current U.S. primary aluminum industry, strengthening domestic supply chains for EVs and renewables.
- Expected to create over 1,000 full-time jobs (United Steelworkers) and 5,500 construction jobs.
- Smelter site to be located within Ohio/Mississippi River Basins; partnerships with local training colleges.
- Funding sourced from Bipartisan Infrastructure Law and Inflation Reduction Act Industrial Demonstrations Program.