Century Aluminum ‘applauds’ Treasury clarifying scope of Section 45X of IRA

Century Aluminum “welcomes” the recently released interpretive guidance from the U.S. Treasury Department clarifying the scope of Section 45X of the Inflation Reduction Act and its application to the U.S. primary aluminum industry. In response to the new guidance, Jesse Gary, Century Aluminum’s CEO, stated: “We thank the Biden Administration for these important clarifications, and we are excited about the benefits that the U.S. primary aluminum industry will realize from the advanced manufacturing tax credit. Century Aluminum is proud to do its part to advance the broader national goals of increasing domestic production of critical minerals, accelerating the green energy transition and positioning the U.S. as a global leader in advanced manufacturing.” Century Aluminum will host an investor conference call on Tuesday, December 19, 2023 at 11:00 a.m. Eastern time to discuss the impact of the Treasury Department’s guidance on the 45X Advanced Manufacturing Tax Credit, the company noted.