Century Aluminum CEO Sells 150000 Shares as Aluminum Prices Soar

Company Overview - Century Aluminum Company is a leading producer of various metals, including standard-grade and value-added primary aluminum products, operating in the United States and Iceland, with additional facilities in the Netherlands and Jamaica [6] Transaction Summary - Jesse Gary, President and CEO, sold 150,000 shares for approximately $8.32 million on March 16, 2026, with a post-transaction direct ownership of 277,227 shares valued at $15.4 million [1][2] - This sale matches the largest recorded individual sale by share count over the past three years and exceeds the historical median sell transaction of 79,243 shares [4] Market Context - As of March 16, 2026, aluminum futures rose to $3,440 per metric ton, nearing their highest level in almost four years, driven by ongoing geopolitical tensions [7] - The U.S. administration has been pushing to increase domestic aluminum production, with tariffs making aluminum more costly, which benefits Century Aluminum's operations [9] Strategic Developments - Century Aluminum announced a partnership with Emirates Global Aluminum to build the first aluminum smelting plant in the U.S. in 47 years, which is expected to create 1,000 jobs [8][9] - The company holds a 40% stake in the smelting plant construction, positioning it for significant benefits from the project [9] Financial Performance - The company's stock surged approximately 150% in 2025 and is up about 22% in 2026 as of March 21, indicating strong demand for aluminum in consumer goods and industrial products [10]