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Century Aluminum Stock Soars 28% After Aggressive Tariff Announcement

4/6/2026

30 6 Full Breakdown

Summary

Story summary

Century Aluminum (CENX) stock rose nearly 28% after a 50% tariff on imported steel and aluminum.
The tariff takes effect April 3, 2026 and is described as the most aggressive in decades.
The Midwest Premium is $1.05 per pound and global aluminum prices reached $3,424 per tonne, while analysts forecast Century Aluminum earnings growth as institutional investors view it as an inflation hedge ahead of the May 6, 2026 report.

History

Historical Context

The Smoot-Hawley Tariff Act, enacted on June 17, 1930, raised U.S. tariffs on imports, leading to a 50% decline in international trade and exacerbating the Great Depression. This protectionist measure prompted retaliatory tariffs from other nations, straining global trade relations. Today's tariffs on steel and aluminum reflect similar isolationist tendencies, risking a repeat of historical economic downturns and international tensions.

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Story summary

Century Aluminum (CENX) stock rose nearly 28% after a 50% tariff on imported steel and aluminum.
The tariff takes effect April 3, 2026 and is described as the most aggressive in decades.
The Midwest Premium is $1.05 per pound and global aluminum prices reached $3,424 per tonne, while analysts forecast Century Aluminum earnings growth as institutional investors view it as an inflation hedge ahead of the May 6, 2026 report.

1 / 2