Companies / CENX
NASDAQCentury Aluminum Company (CENX) in our theses
Century Aluminum Company appears in one of our theses. Below is why it entered the basket and how it has done since publication.
Aluminum in an Energy Trap: China Hits Its Capacity Ceiling and the West Cannot Afford Power for New Smelters
China's 45 Mt statutory cap and expensive Western electricity freeze aluminum supply growth while grid, solar, and defense demand surges—widening margins for existing low-cost smelters.
Why this company: Largest primary aluminum smelter in the US. Section 232 tariffs raised to 50% elevate the Midwest premium, and Century sells virtually 100% of its metal domestically, translating premiums straight into margin expansion.
Where these numbers come from
The reference price is recorded on the thesis publication date and never changed afterwards. The current price is refreshed several times a day. Returns are in the listing currency and exclude dividends, so for dividend payers the real total return was somewhat higher.
This is not a recommendation to buy or sell. A company enters a basket as a beneficiary of the mechanism described in the thesis, and the full argument is on each thesis page.
See all of our theses
Each with a publication date, a causal map and a score assigned before the market ruled.
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