Century Aluminum taps Bechtel for preparatory engineering work on Oklahoma smelter
Aluminum | 2026-02-09 23:50:52
The facility is planned as part of a $4B investment announced by Oklahoma officials to build a smelter outside of Tulsa, Oklahoma.
By Paul Ploumis
SEATTLE (Scrap Monster): Century Aluminum +3.6% in Monday's trading after announcing the next steps in its partnership with Emirates Global Aluminum to build the first new primary aluminum production plant in the U.S. since 1980, which would double current U.S. primary aluminum production.
The companies said they signed Bechtel to conduct preparatory engineering, undertaking the design of the new plant with a strong focus on value improvement, as they prepare the project for a final investment decision and the start of construction by the end of 2026.
The facility is planned as part of a $4B investment announced by Oklahoma officials to build a smelter outside of Tulsa, Oklahoma.
Bechtel said it has built one-third of all new aluminum smelter capacity outside China over the past 25 years.
Aluminum prices on the London Metal Exchange closed at $3,126/metric ton on Monday, slightly below a peak reached in late January but still at the highest levels since 2022.
Courtesy: www.msn.com
