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Century Aluminum Company (CENX) has signed an extension of its power purchase agreement with the South Carolina Public Service Authority (Santee Cooper) for its Mt. Holly aluminum smelter, securing power supply through 2031. The company is planning a $50 million investment to restart idled production capacity at the facility located near Charleston, SC.
This effort aims to add 50,000 metric tons of aluminum output and create over 100 new jobs, with plans to reach full production by early summer 2026. Currently, the plant operates at approximately 75% capacity, and the complete reactivation is expected to contribute about $900 million annually to South Carolina’s economy.
Santee Cooper described the extension as a service agreement that will boost operational capacity by 25%. The restart is contingent upon final confirmations of economic incentives from the State of South Carolina and Berkeley County.
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