I did some homework and think it might happen in 2016 . The latest press released from CSTM said they had a contract to supply to all new Ford F150. That is one of the many reasons as 2 big guys wanting to penetrate into that robust business .
Some reports from Australia stated that RIO is out for shopping at the moment.
I did some homework and i think that it might happen in 2016 as the 2 big guys wanting to penetrate into automobile business.
CSTM just had all new Ford F150 contract as the company invest more money to expand in north america.
Amsterdam, 13 January, 2015 - Constellium N.V. (NYSE and NYSE Euronext: CSTM) today announced that it provides Ford Motor Co. (NYSE: F) with aluminium structural parts for the all-new Ford F-150 pickup truck that extensively uses high-strength, military-grade, aluminium alloy as a build material. Constellium, a global leader in the development and manufacturing of aluminium structural parts for the automotive industry, is one of Ford’s largest suppliers of these components for the F-150.
The 2015 Ford F-150 delivers the industry’s best towing and payload capability among full-size light-duty pickups, enabled by reducing up to 700 pounds of weight through the use of high-strength steel in the frame and aluminium alloy in the body.
To keep pace with increased demand, Constellium has doubled manufacturing capacity at its facility in Van Buren, Michigan, and enhanced advanced prototyping and development capabilities.
“We are delighted to become one of Ford’s largest supplier of high-strength aluminium structural parts for the groundbreaking F-150 and see this as an important milestone in the expansion of our global automotive structures business,” said Paul Warton, President of Constellium’s Automotive Structures and Industry business unit.
“We believe that the automotive industry demand for aluminium will continue to grow as automakers seek to reduce vehicle weight and improve fuel efficiency. With our innovative and value-added solutions and the expansion of our component manufacturing capabilities in the United States, Europe and China, Constellium is strongly positioned to help meet that demand worldwide.”
Yes the Ford F150 used. CSTM's aluminum that's is why the company will expand in north america production.
to the 52 week high of all aluminum stocks. My pick is CSTM, CENX, thern AA in that order.
in terms of PPS. I did the same bet with CENX as well.
in terms of PPS performance.
One place to look is Nasdaq under SEC filings.... I looked at level II activities and saw many blocks bought last 2 days and continue to see this morning. I suspect Black Rock and other funds buying since the dollar weaken, secondly is the fundamental of this company is improving as bonds price surged in recent days. These people are smart let me tell ya and they know what to come ahead.
They have been buying all day now folks
One strange thing this morning is that HSC went straight down from $5.15 to $4.91 right after the moment when the news hcame out about upcoming meeting with certain shareholders.
I hope this company not thanking of selling additional shares to raise money.
I think they might have a buyer for M&M as they setting up for the meeting coming up.... Something the insiders knew what's coming so they bought ton of shares, perhaps good news in the works.
Those who bought HSC will be greatly reward before the summer as i expect this stock will be in the low $10's range. Just mark my post today.
When the stock broke the high of $5.10 the other day breaking $5.06 last 2 weeks high then i know this stock will be much higher.