Friday, Century Aluminum of Kentucky, a wholly owned subsidiary of Century Aluminum Co. (CENX) announced that at this time it would not be able to move forward on a proposed new, long-term power contract for the company's Hawesville, Kentucky smelter, due to unfavorable business conditions.
Century, along with Western Kentucky Energy, Big Rivers Energy, and Rio Tinto Alcan, has been working for more than five years to negotiate an unwind of the existing contractual arrangement between Big Rivers and Western Kentucky Energy, and to define a new agreement that would provide long-term and affordable power to the two smelters in western Kentucky.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.