DTE to Provide Chemical Composition Analysis for Century Aluminum’s New Low-Carbon Billet Casthouse

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Century Aluminum ($NASDAQ:CENX) is an American aluminum producer. The company’s primary aluminum smelters are located in the United States, Iceland, and China. Century Aluminum is the third largest primary aluminum producer in the United States. The company is in the process of constructing a new low-carbon billet casthouse at its Grundartangi aluminum smelter in Iceland. The casthouse will have four skimming stations, each of which will need to have its own real-time chemical composition analysis solution.

DTE has secured a $1.85 million contract to provide this solution for all four skimming stations. DTE’s real-time chemical composition analysis solution is a cutting-edge technology that will allow Century Aluminum to optimize the skimming process and improve the quality of its aluminum products. This contract is a major win for DTE, and underscores the company’s position as a leading provider of innovative solutions for the aluminum industry.

Share Price

On Friday, DTE Energy announced that it will provide chemical composition analysis for Century Aluminum‘s new low-carbon billet casthouse. This is good news for Century Aluminum, as it Till now, news sentiment about the company has mostly been positive. On Friday, CENTURY ALUMINUM stock opened at $6.3 and closed at $6.8, rise by 8.1% from prior closing price of 6.3.

VI Analysis

Companies that have strong fundamentals and long-term potential are usually of interest to investors. The VI app makes analyzing a company’s fundamentals easy and straightforward. The VI Star Chart shows that CENTURY ALUMINUM has an intermediate health score of 4/10 with regard to its cashflows and debt, meaning that it is likely to safely ride out any crisis without the risk of bankruptcy. CENTURY ALUMINUM is classified as a ‘gorilla’, a type of company that achieved stable and high revenue or earning growth due to its strong competitive advantage. This makes it an attractive investment for growth-oriented investors.

However, the company is weak in terms of dividend, so income-seeking investors may not find it as appealing.

VI Peers

The company’s main competitors are Tianshan Aluminum Group Co Ltd, Noranda Aluminum Holding Corp, and Nanjing Yunhai Special Metals Co Ltd.

– Tianshan Aluminum Group Co Ltd ($SZSE:002532)

Tianshan Aluminum Group Co Ltd is a Chinese aluminum producer. The company has a market cap of 30.98B as of 2022 and a Return on Equity of 16.7%. Tianshan Aluminum Group Co Ltd produces aluminum products for a variety of industries including construction, transportation, and packaging. The company has a strong presence in China and also exports its products to over 50 countries around the world.

– Noranda Aluminum Holding Corp ($OTCPK:NORNQ)

Noranda Aluminum Holding Corp is a Canada-based company that is engaged in the production of aluminum products. The Company operates through two segments: primary aluminum and alumina. The Company’s primary aluminum segment smelts and refines primary aluminum. The Company’s alumina segment mines, refines and markets alumina. The Company’s products include primary aluminum, alumina, aluminum fluoride, aluminum chloride and sodium aluminum fluoride.

– Nanjing Yunhai Special Metals Co Ltd ($SZSE:002182)

Nanjing Yunhai Special Metals Co Ltd is a Chinese company that manufactures and sells specialty metals. It has a market capitalization of 14.83 billion as of 2022 and a return on equity of 18.83%. The company produces a variety of metals such as titanium, zirconium, nickel, and tungsten. It also manufactures and sells a variety of products made from these metals, such as pipes, tubing, and fittings. The company has a strong presence in China and Asia, and its products are used in a variety of industries including aerospace, chemical processing, and oil and gas.

Summary

If you’re looking for an aluminum stock to invest in, Century Aluminum is worth considering. The company is one of the world’s largest primary aluminum producers, and it has a strong presence in the United States. The company produces a variety of aluminum products, including ingots, billets, rods, wires, and coils. One of the things that makes Century Aluminum attractive as an investment is its low-cost production. The company’s smelters are some of the most efficient in the world, and its mines are located in areas with low-cost electricity. This gives Century Aluminum a competitive advantage over its rivals.

Another thing to like about Century Aluminum is its exposure to the growing electric vehicle market. The company supplies aluminum to manufacturers of electric vehicles, and demand for this metal is expected to increase in the years ahead. So if you’re looking for an aluminum stock to invest in, Century Aluminum is worth considering. The company has a long history, low-cost production, and exposure to the growing electric vehicle market.