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Stock impact report

US Announces $6 Billion to Clean Up Heavy Manufacturing [BNN Bloomberg (Canada)]

Century Aluminum Company (CENX) 
Last century aluminum company earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.shareholder.com/cenx
Company Research Source: BNN Bloomberg
to companies in a bid to clean-up hard to decarbonize industries including metal, paper and glass. Century Aluminum Co., once a central beneficiary of former President Donald Trump's trade war, is set to receive as much as $500 million in funding to build the facility, according to a statement Monday. That would double the size of the nation's current domestic production of the energy-intensive metal while also reducing emissions by an estimated 75%. Domestic production of aluminum, used in solar panels, semiconductors and fighter jets, has been steadily declining for years. That's happened even has demand increased, partly thanks to President Joe Biden's signature climate law that's lifted consumption of materials needed for the energy transition. “It is difficult to overstate the significance of what this award will mean for the domestic aluminum industry,” said Joe Quinn, a vice president with SAFE, a Washington think-tank that advocates for US energy independence. “A new d Show less Read more
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