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Century Applauds President Trump's Aluminum Tariff Increase

1. Century Aluminum supports Trump's new aluminum tariff increase to 50%. 2. The tariff hike encourages domestic production and job creation. 3. Century plans to build first new U.S. aluminum smelter in 50 years. 4. Company to double domestic aluminum production as a result. 5. Century Aluminum is the largest domestic producer of primary aluminum.

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Why Very Bullish?

The tariff increase significantly benefits CENX, affirming strong domestic demand and production. Historical precedents, like the earlier tariff hikes in 2018, led to initial stock price increases and a stronger domestic market.

How important is it?

Given the alignment with national policy and investment in U.S. production capacity, this news holds high relevance. The potential for job creation and domestic market strength positions CENX favorably in the current market context.

Why Long Term?

The new aluminum smelter project represents long-term investment and capacity expansion. This aligns with sustainable domestic supply and employment growth, suggesting enduring positive implications for CENX.

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June 02, 2025 10:30 ET  | Source: Century Aluminum Company CHICAGO, June 02, 2025 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) applauds President Trump’s unwavering defense of the nation’s domestic production of critical metals by increasing aluminum tariffs to 50 percent. President Trump’s action, announced in Pittsburgh on Friday, increases the Section 232 tariffs on foreign primary aluminum imports from 25 percent to 50 percent. This bold step safeguards the supply of metals critical for national security, while encouraging investments in U.S. job creation. With the support of President Trump’s policies, Century Aluminum has announced that it will build the first new aluminum smelter to be built in the U.S. in 50 years and double domestic production. “President Trump has stood firm in his support of U.S. aluminum production and American jobs,” said Jesse Gary, President and CEO. “We thank President Trump for again putting America first and supporting the resurgence of the domestic aluminum industry.” Century Aluminum is the largest domestic producer of primary aluminum in the United States. About Century Aluminum 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 on the quarterly conference call 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 Crawford312-696-3132 MEDIA CONTACTTawn Earnest614-698-6351 Source: Century Aluminum Company

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