CENTURY ALUMINUM (CENX $17.87, rating Neutral; price target raised to $16/share from $13/share) HIGHER PREMIUMS AND OUR SIMULATION OF TWIN BOOM YEARS IN 2018 AND 2019 BOOSTS TARGET WHILE HIGHER ESTIMATED COSTS AND INCREASED DISCOUNT RATES IN DCF MODEL PARTLY OFFSET 7/18/2014

CENTURY ALUMINUM (CENX $17.87, rating Neutral; price target raised to $16/share
from $13/share) HIGHER PREMIUMS AND OUR SIMULATION OF TWIN BOOM
YEARS IN 2018 AND 2019 BOOSTS TARGET WHILE HIGHER ESTIMATED
COSTS AND INCREASED DISCOUNT RATES IN DCF MODEL PARTLY OFFSET 7/18/2014