Does Century Aluminum (CENX) have what it takes to be a top stock pick for momentum investors? Let's find out.
CENX posts Q4 earnings of 2 cents, missing estimates and falling Y/Y, as shipments drop and sales miss despite higher aluminum prices.
Here is how Century Aluminum (CENX) and Constellium (CSTM) have performed compared to their sector so far this year.
| Metals & Mining Industry | Materials Sector | Jesse E. Gary CEO | XMUN Exchange | US1564311082 ISIN |
| US Country | 2,971 Employees | 30 Sep 2002 Last Dividend | - Last Split | - IPO Date |
Century Aluminum Company, founded in 1995, operates in the metals industry with a focus on producing primary aluminum products. With its headquarters in Chicago, Illinois, the company has established a significant presence in the United States and Iceland. It stands out in its sector by not only producing standard-grade aluminum but also specializing in value-added products. In addition to its aluminum production, Century Aluminum extends its operations to alumina production in Iceland and carbon anode production in the Netherlands, showcasing its vertical integration in the aluminum production chain.
These products form the core of Century Aluminum's offerings, catering to general industry demands for aluminum. Their standard-grade aluminum is utilized across a wide range of applications, including in the automotive, construction, and packaging industries, among others.
Century Aluminum has positioned itself in the market by also focusing on value-added primary aluminum products. These are specialized products that cater to more specific or high-demand customer needs, offering enhanced properties such as increased strength, improved conductivity, or greater formability. They find applications in sectors where higher performance is required, such as aerospace, electronics, and specialized engineering projects.
The company's alumina production facility in Iceland represents its capability to produce alumina, which is a crucial raw material for aluminum production. This vertical integration ensures a stable supply of raw materials for its aluminum production processes, enhancing reliability and cost-effectiveness.
Located in the Netherlands, the carbon anode production facility complements Century Aluminum's operations by producing an essential component used in the electrolysis process of aluminum smelting. This not only supports the company’s environmental sustainability efforts by allowing for more efficient production processes but also adds to the breadth of its industrial operations.