Alcoa doesn't buy back recycled aluminum. They don't buy aluminum from anyone. They mine and use their own.
I am long AA, but this is a false statement. They produce their own aluminum to make their mid and downstream products. The price of aluminum has nothing to do with it. It does not lower their cost...
Sentiment: Strong Buy
I am long and continue to buy at these levels. However stating that low aluminum prices boost profits is just false. The market is punishing us because of low aluminum prices which I believe to be unfair.
It does not boost profits... ?? That doesn't make sense.
Alcoa is on another planet compared to century (cenx). All they do is produce and smelt.
what would you like them to do? This is a very speculative investment in hopes that the REG system is adopted my utility companies across the nation. Plus the lawsuit lotto.
I do not get this, especially with both RTI and AA declining.Can someone elaborate? Thanks!