Century Aluminum to Restart Mt. Holly Plant, Restoring Full Production by Next June
The company said the restart will enable the plant, currently operating at 75% capacity, to achieve full production by June 30, 2026, a level not seen since 2015.
SEATTLE (Scrap Monster): Century Aluminum said Thursday it plans to restart more than 50K metric tons of idled production at its Mt. Holly, South Carolina, smelter and invest ~$50M in the effort to boost U.S. domestic aluminum production by nearly 10%.
The company said the restart will enable the plant, currently operating at 75% capacity, to achieve full production by June 30, 2026, a level not seen since 2015.
Century Aluminum CEO Jesse Gary said the announcement 'was made possible by President Trump's commitment to onshoring manufacturing of critical metals,' applying Section 232 tariffs for primary aluminum, most recently increasing the tariffs to 50% on aluminum imports without exceptions or exemptions.
The company said the final details of the restart will be subject to a definitive agreement with Santee Cooper, Mt. Holly's power supplier, along with confirmation of economic incentives provided by Berkeley County and the state of South Carolina.
Courtesy: www.msn.com
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