Century Aluminum (CENX) Plans New US Smelter After Higher Aluminum Tariffs
This move aims to encourage investment and job growth in the US aluminum industry and support the nation's domestic production of critical metals.
A warehouse of aluminum ingots, neatly lined up ready to be shipped.
With this support, Century Aluminum Company (NASDAQ:CENX) has announced plans to build the first new aluminum smelter in the US in 50 years. The company also intends to double its domestic production.
Century Aluminum Company (NASDAQ:CENX) is the largest producer of primary aluminum in the US. The company is an integrated producer of bauxite, alumina, and primary aluminum products. It also has production facilities in Iceland, the Netherlands, and Jamaica.
While we acknowledge the potential of CENX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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