Glencore Converts Shares in Century Aluminium, Remains Largest Shareholder

On July 2, 2025, Glencore International AG, which owns more than 10% in Century Aluminum Company(NASDAQ:CENX), reported the conversion of derivative securities into 16,477 shares at $19.42 per share. What is the significance of the post-transaction ownership?Glencore International AG now directly holds 27.5 million shares, while indirectly owning another 12.6 million shares through its subsidiary Gelcore AG. This represents 40.38% of Century Aluminum Company’s outstanding shares, maintaining its position as a 10% owner.What is the recent performance context for Century Aluminum Company?The Glencore International AG trade was close to the stock's July 10 closing price of $19.41 per share. The stock is up 8.4% year to date as of July 10, 2025.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool