Core Insights - Century Aluminum Company (CENX) and Emirates Global Aluminium (EGA) have entered a joint development agreement to build a primary aluminum production facility in Inola, OK, marking the first new primary aluminum plant in the U.S. since 1980 [1][7] - The facility is projected to be the largest primary aluminum production plant in the U.S., with an expected output of 750,000 tons of aluminum per year, which will more than double the current U.S. production capacity [1][7] Joint Venture Details - EGA will hold a 60% stake in the joint venture, while Century Aluminum will own the remaining 40% [2] - The project is anticipated to create approximately 4,000 construction jobs and 1,000 permanent direct jobs once operational [2] Project Timeline and Technology - Construction is targeted to begin by the end of 2026, with production expected to start by the end of the decade [2][7] - The Inola smelter will leverage EGA's expertise in aluminum smelting design and technology, along with Century Aluminum's operational experience [3] Market Impact - Currently, about 85% of U.S. aluminum demand is met through imports; the project aims to reduce this dependence by increasing domestic supply [4] - The plant's location at the Tulsa Port of Inola will enhance access to the Mississippi River system, facilitating efficient bulk freight mobility and supporting the development of a regional aluminum manufacturing hub in Oklahoma [5] Stock Performance - CENX stock has increased by 162.7% over the past year, outperforming the industry's growth of 47.2% [5]

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]