Century Aluminum and USW ratify new labor agreement at Century Sebre smelter Century Aluminum subsidiary Century Aluminum Sebree announced that a new, five-year collective bargaining agreement with the United Steelworkers Local 9443-00 was ratified on July 17 for the Century Sebree aluminum smelter in Robards, KY. The agreement is effective through October 28, 2019. The agreement covers approximately 400 hourly workers at the Century Sebree operation.
Century Aluminum price target lowered to $10 from $19 at Deutsche Bank Deutsche Bank cut its price target on Century Aluminum after the company announced that it would close its Hawesville aluminum smelter by October. The firm also believes that the likelihood of a V-shaped recovery in aluminum prices has dropped. However, it thinks the company's two remaining U.S. smelters could boost its results when aluminum prices rebound. It keeps a Buy rating on the shares.