Emirates Global Aluminium and Century Aluminum Partner to Establish New Primary Aluminum Smelter in Oklahoma

Emirates Global Aluminium and Century Aluminum plan first U.S. primary aluminum smelter, creating 5,000 jobs in Oklahoma.

Quiver AI Summary

Emirates Global Aluminium and Century Aluminum executives met with U.S. Energy Secretary Chris Wright to discuss their collaboration on building the first primary aluminum smelter in the U.S. in over 45 years, located in Inola, Oklahoma. The new facility will utilize advanced smelting technology and is expected to generate 5,000 jobs, positioning Oklahoma as a significant center for critical metals needed in various American industries.

Potential Positives

Announcement of partnership to build the first primary aluminum smelter in the U.S. in over 45 years highlights the company's role in reviving domestic production.
The new smelter is projected to create 5,000 jobs, significantly contributing to local employment and the economy in Inola, Oklahoma.
Establishing Inola as a hub for critical metals indicates a strategic move to support American industries and enhance supply chain resilience.

Potential Negatives

Potential public concern regarding environmental impacts from building a new aluminum smelter.
Reliance on government support and partnership may raise questions about the financial independence of the project.
Creating a large number of jobs may lead to scrutiny if local workforce needs are not met or if there are concerns over worker conditions.

FAQ

What is the significance of the new aluminum smelter in Oklahoma?

The new aluminum smelter will be the first built in the U.S. in over 45 years and is expected to create 5000 jobs.

Who are the key players involved in this aluminum smelter project?

The key players are Emirates Global Aluminium, led by CEO Abdulnasser Bin Kalban, and Century Aluminum, led by CEO Jesse Gary.

What type of technology will the new smelter utilize?

The smelter will feature state-of-the-art technology designed for efficient and sustainable aluminum production.

Where will the aluminum smelter be located?

The aluminum smelter will be located in Inola, Oklahoma, establishing it as a hub for critical metals.

How does this project relate to U.S. industries?

This project aims to provide essential aluminum, a critical metal for various American industries, enhancing local production capacity.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$CENX Insider Trading Activity

$CENX insiders have traded $CENX stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.

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INTERNATIONAL AG GLENCORE sold 9,000,000 shares for an estimated $272,250,000
JESSE E GARY (President and CEO) sold 150,000 shares for an estimated $7,228,500
KENNETH L CALLOWAY (SVP, Human Resources) sold 16,450 shares for an estimated $452,375
MATT ABOUD (SVP, Strategy & Business Dev't) sold 12,027 shares for an estimated $279,868
AGUST F HAFBERG (SVP & Chief Commercial Officer) sold 9,493 shares for an estimated $264,949

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UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 1,335,804 shares (+347.9%) to their portfolio in Q3 2025, for an estimated $39,219,205
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Wells Fargo issued a "Overweight" rating on 11/07/2025
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$CENX Price Targets

Multiple analysts have issued price targets for $CENX recently. We have seen 3 analysts offer price targets for $CENX in the last 6 months, with a median target of $61.0.

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Lucas Pipes from B. Riley Securities set a target price of $64.0 on 02/03/2026
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Katja Jancic from BMO Capital set a target price of $34.0 on 11/07/2025

Full Release

WASHINGTON, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Emirates Global Aluminium CEO Abdulnasser Bin Kalban (right) and Century Aluminum CEO Jesse Gary (left) met with U.S. Energy Secretary Chris Wright to highlight their partnership to build the country’s first primary aluminum smelter in over 45 years. Featuring state-of-the-art smelter technology, the plant is expected to create 5000 jobs and establish Inola, Oklahoma as a hub for critical metal used by American industries.

For EGA
	Simon Buerk, +971 56 311 1536, [email protected]

For Century Aluminum
	Investors: Chad Rigg, 312.696.3132, [email protected]
	Media: Tawn Earnest, 614.698.6351, [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/800233ed-8ac8-499c-9f5b-7d86eec03e55