Jefferies Financial Group Invests $6.26M in Century Aluminum

Hedge fund takes major stake in industrial products company

Mar. 10, 2026 at 9:48am

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Jefferies Financial Group Inc. has purchased a new $6.26 million stake in Century Aluminum Company (NASDAQ:CENX), acquiring 213,350 shares of the industrial products company. The investment represents approximately 0.23% ownership in Century Aluminum, which operates aluminum smelting facilities in Kentucky, South Carolina, and Iceland.

Why it matters

This investment signals Jefferies' confidence in Century Aluminum's growth potential, as the hedge fund takes a significant position in the company. Century Aluminum has seen its stock price rise over the past year as aluminum prices have rebounded, and the company's energy-efficient operations and focus on cost management have improved its financial performance.

The details

Jefferies Financial Group purchased the 213,350 shares of Century Aluminum in the third quarter, according to a recent SEC filing. The $6.26 million investment gives Jefferies a 0.23% stake in the industrial products company. Other institutional investors have also increased their positions in Century Aluminum, with CWM LLC, Arizona State Retirement System, PNC Financial Services, and others adding to their holdings over the past year.

  • Jefferies Financial Group acquired the Century Aluminum shares in the third quarter of 2025.

The players

Jefferies Financial Group Inc.

A global investment banking firm that provides a full range of investment banking, advisory, sales and trading, research, and asset and wealth management services to corporations, governments, institutions, and individuals.

Century Aluminum Company

A primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to industrial and commercial markets. The company has core operations in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.

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The takeaway

Jefferies' substantial investment in Century Aluminum reflects Wall Street's growing confidence in the company's ability to capitalize on rising aluminum prices and its operational improvements. This deal highlights the increasing institutional interest in the industrial metals sector as the global economy continues to recover.