Core Insights - Emirates Global Aluminium (EGA) and Century Aluminum (CENX) have entered into a joint development agreement to establish the first new primary aluminum production plant in the U.S. since 1980 [1] - EGA will hold a 60% stake in the joint venture, while Century will own 40% [1] - The new plant in Inola, Oklahoma is projected to produce 750,000 tonnes of aluminum annually, more than doubling current U.S. production levels [1] Project Details - The Inola plant will create 1,000 permanent direct jobs and 4,000 jobs during the construction phase [1] - The partnership leverages EGA's expertise in aluminum smelting technology and Century's operational history in the U.S. aluminum sector [1] - The project will utilize EGA's latest EX technology [1] Market Impact - The Inola plant will be the largest primary aluminum production facility in the U.S. and the first built in nearly 50 years [1] - Currently, about 85% of aluminum needs for American industries are met through imports, and this new smelter aims to enhance domestic supply [1] - Construction is expected to commence by the end of 2026, with production anticipated to start by the end of the decade [1] Current Progress - Detailed engineering work is already in progress, and negotiations for a competitive long-term power supply with Public Service Company of Oklahoma and the state of Oklahoma are advancing [1]