Century Aluminum initiated with an Overweight at Wells Fargo

Wells Fargo initiated coverage of Century Aluminum (CENX) with an Overweight rating and $37 price target as part of a broader research note launching firm coverage on Mining names. Recent aluminum prices have outpaced expectations, supported by China demand, even as business in U.S. and EU has been week, the analyst tells investors in a research note. Century Aluminum also particularly benefits from 50% S232 tariffs on aluminum imports, the firm added.