Century Aluminum and USW Ratify New Five-Year Collective Bargaining Agreement

CHICAGO, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Century Aluminum Sebree LLC, a wholly owned subsidiary of Century Aluminum Company (NASDAQ: CENX) (“Century”), announced today that a new, five-year collective bargaining agreement with the United Steelworkers (“USW”) Local 9443-00 was ratified on November 8th, 2023, for the Century Sebree aluminum smelter in Robards, KY. The agreement is effective immediately and runs through October 28, 2028, covering approximately 460 hourly workers at the Century Sebree plant.

“We are pleased to reach a new agreement with the Steelworkers,” said Jesse Gary, Century’s President and Chief Executive Officer. “I want to personally thank the leadership of the USW and our employees who worked diligently to reach a fair deal. This collaboration between the two parties exemplifies our ongoing commitment to enhancing opportunities for our employees while simultaneously strengthening Sebree's position in the highly competitive aluminum market.”

About Century Aluminum Company

Century Aluminum Company owns primary aluminum capacity in the United States and Iceland. Century's corporate offices are located in Chicago, IL. Visit www.centuryaluminum.com for more information.

Cautionary Statement

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are statements about future events and are based on our current expectations. These forward-looking statements may be identified by the words "believe," "expect," "hope," "target," "anticipate," "intend," "plan," "seek," "estimate," "potential," "project," "scheduled," "forecast" or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," "might," or "may." Our forward-looking statements include, without limitation, statements with respect to: the ultimate effects and expectations of the new collective bargaining agreement, global and local financial and economic conditions; future aluminum pricing and the costs of our major raw materials.

Where we express an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, our forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from future results expressed, projected or implied by those forward-looking statements. Important factors that could cause actual results and events to differ from those described in such forward-looking statements can be found in the risk factors and forward-looking statements cautionary language contained in our Annual Report on Form 10-K, quarterly reports on Form 10-Q and in other filings made with the Securities and Exchange Commission. Although we have attempted to identify those material factors that could cause actual results or events to differ from those described in such forward-looking statements, there may be other factors that could cause actual results or events to differ from those anticipated, estimated or intended. Many of these factors are beyond our ability to control or predict. Given these uncertainties, investors are cautioned not to place undue reliance on our forward-looking statements. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.