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Why Century Aluminum Stock Popped Today

TheMotleyFool

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Shares of Chicago-based aluminum producer Century Aluminum (NASDAQ: CENX) shot up 14.4% in 12:50 p.m. EDT trading today. There appear to be two reasons for this.

Reason #1: Ever Given.

As you've probably heard by now, over in Egypt, a containership by the name of "Ever Given" is taking a toll on the global supply chain right now. The heavily laden transport vessel somehow got itself stuck crosswise in the middle of the Suez Canal, and traffic is backing up before and aft -- at the cost of some $400 million an hour, according to shipping data company Lloyd's List.

Source Fool.com

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