Century Aluminum Applauds President Trump’s Decisive Action to Strengthen Section 232 Tariffs
February 10 2025 - 5:34PM
Century Aluminum Company (NASDAQ:CENX) strongly supports President
Donald Trump’s decisive action today to strengthen Section 232
tariffs and fight back against unfair trade practices that have for
years disadvantaged the U.S. primary aluminum industry.
Today’s executive order implements a 25% tariff on all primary
aluminum imports into the U.S. from all foreign countries and
closes a loophole in the existing tariff that allowed nearly 75% of
imports to avoid the tariff. Closing these loopholes will protect
good American jobs and our national security.
Century Aluminum CEO Jesse Gary applauded the President’s
decisive action:
“We strongly support today’s Executive Order from President
Donald J. Trump imposing a 25% tariff to stop the flood of aluminum
imports into the United States. President Trump’s decisive action
will protect national security and help level the playing field for
America’s aluminum workers.
“On behalf of our employees, I thank President Trump for putting
America first and strengthening the Section 232 tariffs, which will
help drive the resurgence of domestic aluminum production.”
Century Aluminum is the largest domestic producer of primary
aluminum in the United States.
About Century Aluminum
Century Aluminum is an integrated producer of bauxite, alumina,
and primary aluminum products. Century is the largest producer of
primary aluminum in the United States, and also operates production
facilities in Iceland, the Netherlands and Jamaica.
Visit www.centuryaluminum.com for more information.
Cautionary Statement
This press release and statements made by Century Aluminum
Company management on the quarterly conference call contain
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, which are subject to the
"safe harbor" created by section 27A of the Securities Act of 1933,
as amended (the "Securities Act"), and section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act").
Forward-looking statements are statements about future events and
are based on our current expectations. These forward-looking
statements may be identified by the words "believe," "expect,"
"hope," "target," "anticipate," "intend," "plan," "seek,"
"estimate," "potential," "project," "scheduled," "forecast" or
words of similar meaning, or future or conditional verbs such as
"will," "would," "should," "could," "might," or "may."
Where we express an expectation or belief as to future events or
results, such expectation or belief is expressed in good faith and
believed to have a reasonable basis. However, our forward-looking
statements are based on current expectations and assumptions that
are subject to risks and uncertainties which may cause actual
results to differ materially from future results expressed,
projected or implied by those forward-looking statements. Important
factors that could cause actual results and events to differ from
those described in such forward-looking statements can be found in
the risk factors and forward-looking statements cautionary language
contained in our Annual Report on Form 10-K, our Quarterly Reports
on Form 10-Q and in other filings made with the Securities and
Exchange Commission. Although we have attempted to identify those
material factors that could cause actual results or events to
differ from those described in such forward-looking statements,
there may be other factors that could cause actual results or
events to differ from those anticipated, estimated or intended.
Many of these factors are beyond our ability to control or predict.
Given these uncertainties, the reader is cautioned not to place
undue reliance on our forward-looking statements. We undertake no
obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events,
or otherwise.
INVESTOR CONTACTRyan
Crawfordinvestorrelations@centuryaluminum.com(312) 696-3132
MEDIA CONTACTTawn Earnest614-698-6351
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