Century Aluminum: White House actions ‘critical’ for U.S. aluminum industry

President Biden announced that his administration would triple existing tariffs on Chinese aluminum imports pursuant to Section 301 of the Trade Act of 1974. Century Aluminum said today’s action provides a clear and strong response to China’s unfair trade policies and will help to put a stop to China’s continuing build-up of overcapacity and non-market pricing actions. Jesse Gary, Century’s President and CEO, who attended the White House event announcing the move, praised the President’s action: “Today’s actions are critical for the U.S. aluminum industry. President Biden’s decisive leadership on Sec. 301 tariffs and to invest in the resurgence of U.S. manufacturing, shows this Administration’s commitment to U.S. primary aluminum production. Thanks to the President’s leadership, Century is planning to build a new greenfield facility that will double existing domestic capacity. The smelter would not only be the first new American aluminum smelter in 45 years, but also one of the “greenest” smelters in the world, powered with cutting edge technology and renewable energy. This Administration announced a $500M grant which will help to facilitate this investment in our future.”