Century Aluminum Plans Mount Holly Restart to Hit $300M EBITDA Run-Rate, Eyes Oklahoma Smelter Revival
Century Aluminum CFO outlined plans to restart its idled Mount Holly smelter, forecasting it will deliver a $300 million annual EBITDA run-rate when back online. He also revealed development of a restart plan for the company’s Oklahoma smelter to boost overall production capacity.
1. Mount Holly Smelter Restart
The CFO detailed a phased recommissioning of the Mount Holly smelter, which has been idled since 2020. Management expects to complete maintenance, secure permits and begin production ramp-up as soon as infrastructure upgrades are finalized.
2. Projected $300M EBITDA Run-Rate
Once operational, the Mount Holly facility is projected to contribute approximately $300 million in annual EBITDA, improving overall profitability and cash flow. That run-rate reflects expected aluminum volumes and current cost inflation.
3. Oklahoma Smelter Restart Plan
Century Aluminum is advancing a feasibility study for restarting its idled Oklahoma smelter, which would further increase capacity pending regulatory approvals and market demand. The plan remains subject to final investment decisions and permitting timelines.