Century Aluminum Applauds Biden Administration Final Rules on 45X
October 24 2024 - 4:05PM
Century Aluminum (NASDAQ: CENX) applauds the Biden Administration’s
move to finalize guidance for the Advanced Manufacturing Production
Credit (section 45X of the Inflation Reduction Act), which promotes
U.S. production of critical minerals, including primary aluminum.
“We are pleased the final rules include certain raw materials as
part of our production costs in calculating the tax credit that we,
along with many other stakeholders, requested. This reinforces the
administration’s steadfast support of domestic manufacturing,” said
Jesse Gary, CEO. “We’re proud to lead domestic production of
primary aluminum and to help drive our nation’s green energy
transition.”
The company will provide additional information about the impact
of the final rules during the upcoming third quarter earnings call,
scheduled for Monday, November 4, 2024, at 5:00 p.m. Eastern
time.
About Century Aluminum CompanyCentury Aluminum is an integrated
producer of bauxite, alumina, and primary aluminum products.
Century is the largest producer of primary aluminum in the United
States, and also operates production facilities in Iceland, the
Netherlands and Jamaica. Visit www.centuryaluminum.com for more
information.
Cautionary StatementThis press release and statements made by
Century Aluminum Company and its management contain
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, which are subject to the
"safe harbor" created by section 27A of the Securities Act of 1933,
as amended (the "Securities Act"), and section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act").
Forward-looking statements are statements about future events and
are based on our current expectations. These forward-looking
statements may be identified by the words "believe," "expect,"
"hope," "target," "anticipate," "intend," "plan," "seek,"
"estimate," "potential," "project," "scheduled," "forecast" or
words of similar meaning, or future or conditional verbs such as
"will," "would," "should," "could," "might," or "may."
Where we express an expectation or belief as to future events or
results, such expectation or belief is expressed in good faith and
believed to have a reasonable basis. However, our forward-looking
statements are based on current expectations and assumptions that
are subject to risks and uncertainties which may cause actual
results to differ materially from future results expressed,
projected or implied by those forward-looking statements. Important
factors that could cause actual results and events to differ from
those described in such forward-looking statements can be found in
the risk factors and forward-looking statements cautionary language
contained in our Annual Report on Form 10-K, our Quarterly Reports
on Form 10-Q and in other filings made with the Securities and
Exchange Commission. Although we have attempted to identify those
material factors that could cause actual results or events to
differ from those described in such forward-looking statements,
there may be other factors that could cause actual results or
events to differ from those anticipated, estimated or intended.
Many of these factors are beyond our ability to control or predict.
Given these uncertainties, the reader is cautioned not to place
undue reliance on our forward-looking statements. We undertake no
obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events,
or otherwise.
INVESTOR CONTACTRyan Crawford
investorrelations@centuryaluminum.com(312)
696-3132
MEDIA CONTACTTawn
Earnest614-698-6351
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