Patrick Janet's questions to Century Aluminum Co (CENX) leadership • Q3 2024
Question
Patrick Janet inquired about the status and terms of a specific 600,000-ton alumina supply agreement, the progress of value-added premium negotiations for the upcoming year, and the specific challenges involved in repurposing an industrial asset like the Hawesville site.
Answer
Jesse Gary, President and CEO, confirmed that the alumina contract in question has been extended for a couple of years with similar terms. He stated that negotiations for next year's value-added premiums are still in progress, with an update expected on the Q4 call. Regarding Hawesville, Gary elaborated that repurposing an industrial site involves significant modifications to infrastructure like electrical equipment, which is more complex than converting an existing data center, and confirmed a full sale of the asset is a potential outcome.