Century Aluminum Company Applauds Biden Administration Decision To Triple Chinese Aluminum Tariffs
14 Maio 2024 - 12:03PM
President Biden today announced that his administration would
triple existing tariffs on Chinese aluminum imports pursuant to
Section 301 of the Trade Act of 1974. 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 (NASDAQ: CENX) President and
Chief Executive Officer, 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 $500 million
grant which will help to facilitate this investment in our
future.”
Speaking at the White House event, Mr. Gary said, "From electric
vehicles to missiles, aluminum is a key component in most aspects
of our modern economy and critical for our defense.” He continued,
“For my company, our workers, and others across this country,
unfair trade is something that is very real. Today’s announcement
creates the climate for business to succeed, investments to be
made, jobs to be created, and workers to earn a good wage.”
About Century Aluminum Company
Century 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 Statement
This press release and statements made by Century Aluminum
Company 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"
and include statements concerning our plans related to the
construction of a new primary aluminum smelter, the capacity of the
smelter, the receipt of the related IDP funding, the number of jobs
to be created and the location of the new facility.
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.
ContactRyan
Crawford312-696-3132Source: Century Aluminum Company
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