Glencore Updates Century Aluminum Stake in 13D/A Filing

TL;DR

**Glencore just updated its Century Aluminum ownership, signaling continued influence.**

AI Summary

Glencore International AG filed an Amendment No. 27 to its Schedule 13D for Century Aluminum Company (CENX) on January 5, 2024, updating its beneficial ownership. This filing indicates Glencore continues to be a significant shareholder in Century Aluminum, a primary aluminum producer. This matters to investors because Glencore's substantial stake means its actions, such as buying or selling shares, could significantly influence CENX's stock price and strategic direction, given its role as a major commodity trader.

Why It Matters

Glencore's continued significant ownership in Century Aluminum suggests a long-term interest, which could provide stability or signal potential strategic moves for the aluminum producer.

Risk Assessment

Risk Level: medium — The risk is medium because Glencore's large stake means any future changes in its position could create volatility for Century Aluminum's stock.

Analyst Insight

Investors should monitor future Glencore filings regarding Century Aluminum for any changes in ownership, as significant buying or selling could impact CENX's stock price.

Key Players & Entities

• Glencore International AG (company) — the reporting person and significant shareholder
• CENTURY ALUMINUM COMPANY (company) — the issuer of the securities
• Steven Kalmin (person) — contact person for Glencore International AG
• Matias Vega, Esq. (person) — legal counsel for Glencore International AG
• $0.01 (dollar_amount) — par value of Century Aluminum Company common stock

Forward-Looking Statements

• Glencore will maintain its significant stake in Century Aluminum for the foreseeable future. (Glencore International AG) — high confidence, target: 2025-01-05
• Century Aluminum's strategic decisions will continue to be influenced by Glencore's position as a major shareholder. (CENTURY ALUMINUM COMPANY) — medium confidence, target: 2025-01-05

FAQ

Key Financial Figures

• $0.01 — COMPANY Name of Issuer COMMON STOCK, $0.01 Par Value (Title of Class of Securiti
• $359,657,954 — shares of Series A Preferred Shares was $359,657,954, $25,000,000 and $1,090,259,200, respec
• $25,000,000 — es A Preferred Shares was $359,657,954, $25,000,000 and $1,090,259,200, respectively, in ca
• $1,090,259,200 — hares was $359,657,954, $25,000,000 and $1,090,259,200, respectively, in cash, all of which wa

Filing Documents

• tm241621d1_sc13da.htm (SC 13D/A) — 147KB
• tm241621d1_ex1.htm (EX-99.1) — 6KB
• tm241621d1_ex6.htm (EX-99.6) — 17KB
• tm241621d1_ex7.htm (EX-99.7) — 216KB
• tm241621d1_ex7img001.jpg (GRAPHIC) — 2KB
• 0001104659-24-001816.txt ( ) — 391KB

Material to Be Filed as Exhibits

Item 7. Material to Be Filed as Exhibits 1. Joint Filing Agreement, dated January 5, 2024, among Glencore plc, Glencore International AG and Glencore AG relating to the filing of a joint statement on Schedule 13D 2. Certificate of Designation of the Series A Preferred Shares (Incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 8, 2008) 3. Standstill and Governance Agreement (Incorporated by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 8, 2008) 4. Registration Rights Agreement (Incorporated by reference to Exhibit 10.4 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 8, 2008) 5. Support Agreement (Incorporated by reference to Exhibit 10.01 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on May 4, 2009) 6. Glencore Irrevocable Proxy, dated March 24, 2023, given by Glencore AG, Glencore International AG and Glencore plc to certain officers of the Company 7. Form of Security Deeds, each dated December 1, 2023, between Glencore International AG and Glencore AG respectively and HSBC Bank PLC Page 10 of 13 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 5, 2024 Glencore AG By: /s/ Stephan Huber Name: Stephan Huber Title: Director By: /s/ Martin Haering Name: Martin Haering Title: Director Glencore International AG By: /s/ Martin Haering Name: Martin Haering Title: Officer By: /s/ Derrick Crowley Name: Derrick Crowley Title: Officer Glencore plc By: /s/ John Burton Name: John Burton Title: Company Secretary Page 11 of 13 SCHEDULE 1 Set forth below are the names, busines

View Full Filing

View this SC 13D/A filing on SEC EDGAR