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- LME Aluminum 3M Select trades $25.75 higher to $3194.50 at 8:19:10 AM
- (Globe Newswire) -- Emirates Global Aluminium (EGA) and Century Aluminum Company (NASDAQ: CENX) announced today that they have entered into a joint development agreement to build the first new primary aluminum production plant in the United States since 1980. Under the joint development agreement, EGA will own 60 percent of the joint venture, with Century owning the remaining 40 percent. The new plant, to be built in Inola, Oklahoma as previously announced by EGA, is expected to produce 750,000 tonnes of aluminum per year, larger than previously envisioned and more than doubling current U.S. production. The Inola plant will create 1,000 permanent direct jobs at the facility and 4,000 jobs during construction. Construction of the project is expected to start by the end of 2026. Production is expected to begin by the end of the decade. Detailed engineering work is already underway and negotiations with Public Service Company of Oklahoma and the state of Oklahoma on a competitive long-term power supply are progressing.
- LME Copper 3M Select trades $86 higher to $13200 at 8:19:10 AM
- CME HRC Steel last traded at $943 and $1 higher at 6:00:00 PM
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