Century Aluminum Company Applauds Biden Administration Decision To Triple Chinese Aluminum Tariffs

Group 1: Government Action - President Biden announced a tripling of existing tariffs on Chinese aluminum imports to address unfair trade practices and overcapacity issues in China [1] - This action is part of a broader strategy to support U.S. manufacturing and primary aluminum production [1] Group 2: Company Response - Jesse Gary, CEO of Century Aluminum, expressed strong support for the tariff increase, highlighting its importance for the U.S. aluminum industry [2] - Century Aluminum plans to build a new greenfield facility that will double its domestic capacity, marking the first new American aluminum smelter in 45 years [2] - The new smelter is expected to be one of the most environmentally friendly in the world, utilizing advanced technology and renewable energy [2] Group 3: Industry Significance - Aluminum is identified as a critical component in various sectors, including electric vehicles and defense, underscoring its importance in the modern economy [2] - The announcement is anticipated to create a favorable business environment, leading to increased investments and job creation in the aluminum sector [2] Group 4: Company Overview - Century Aluminum is the largest producer of primary aluminum in the United States and operates production facilities in Iceland, the Netherlands, and Jamaica [3]