10 Best Aluminum Stocks to Buy According to Billionaires

3. Century Aluminum Company (NASDAQ:CENX)

Number of Billionaires: 12

Number of Hedge Fund Holders: 33

Century Aluminum Company (NASDAQ:CENX), a prominent producer of primary aluminum, operates its facilities in Iceland and the United States while also controlling an alumina refining business through its Jamalco acquisition, strengthening the supply chain.

Century Aluminum Company (NASDAQ:CENX) reported a yearly adjusted EBITDA of $245 million, with Q4 EBITDA achieving $82 million for the entire year ended December 31, 2024. Profitability was driven by factors such as steady energy costs, robust aluminum prices, and operational enhancements.

Moreover, the company took advantage of increasing alumina prices, which peaked in late 2024 before stabilizing in early 2025. Through Century Aluminum Company’s (NASDAQ:CENX) wide-ranging alumina supply strategy, the company was able to reduce cost pressures. Accordingly, Jamalco enhanced cost efficiency with a 5% workforce reduction.

Operationally, Century Aluminum Company (NASDAQ:CENX) experienced strong performance across its asset base. The Sebree smelter accomplished robust production efficiency, producing one of its best years ever. Due to enhanced hydropower conditions, operations returned to full capacity in Q1 2025 as Grundartangi in Iceland successfully navigated power curtailments. Century’s alumina refinery, Jamalco, achieved its highest level of production since the acquisition in January, marking a strong start in 2025.

The company projects significant earnings growth from recent U.S. Section 232 tariff adjustments, which have already driven Midwest Premiums higher. Its primary aluminum production will be doubled as the company is making progress with its new U.S. smelter project, the first in 5 decades. As such, Century Aluminum Company (NASDAQ:CENX) remains one of the best aluminum stocks to buy due to favorable trade policies and robust market conditions.