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Century Aluminum (CENX), EGA Partner to Build $4B Oklahoma Smelter, First New US Facility Since 1980
Yahoo Finance· 2026-02-04 14:04
Century Aluminum Company (NASDAQ:CENX) is one of the cheap hot stocks to invest in right now. On January 26, Century Aluminum announced that it is set to take a 40% stake in a JV with Emirates Global Aluminium/EGA to build the first primary aluminum smelter in the US in nearly 50 years. Located in Inola, Oklahoma, the project is expected to involve an investment of ~$4 billion, with EGA retaining the remaining 60% ownership. Construction is scheduled to begin by the end of 2026, with production aimed to st ...