|Bid||45.01 x 1100|
|Ask||45.88 x 800|
|Day's Range||44.33 - 45.43|
|52 Week Range||29.66 - 62.35|
|PE Ratio (TTM)||59.64|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
A Japanese aluminium buyer has agreed to pay a global producer a premium of $132 per tonne over the benchmark price for shipments in July to September, the highest in more than three years, two sources involved in the pricing talks said on Tuesday. Japan is Asia's biggest importer of aluminium and the premiums for primary metal shipments it agrees to pay each quarter over the benchmark London Metal Exchange cash price set the benchmark for the region. The latest quarterly pricing negotiations began late last month between Japanese buyers and global producers, including Alcoa Corp, Rio Tinto,, South32 Ltd and Rusal.
Eight of the Pittsburgh company's employees from around the world will work with scientists to conduct conservation observations.
Iconic U.S. metal stocks Alcoa Corp. and U.S. Steel Corp. benefited from the Trump administration’s initial crackdown on cheap imports, as tariffs on aluminum and steel boost the appeal of domestic product. The latest measures are having the opposite effect, at least so far. Shares in Alcoa fell as much as 3.7 percent Friday, while the Pittsburgh-based steelmaker lost 4.8 percent.
In the previous part, we discussed that China’s steel exports have risen on a monthly basis for four consecutive months. China exported 485,000 metric tons of unwrought aluminum in May—compared to 460,000 metric tons in May 2017. In May 2017, China’s aluminum exports rose to the second-highest level on record at that time.
Foreign markets account for more than half of the world's stock market value and boast a growing share of its corporate powerhouses. In the wake of stock market declines in early 2018, investors who have a long-term mindset can find attractively priced stocks overseas, including the five listed below. All of the shares trade in the U.S. as American depositary receipts. SEE ALSO: The 18 Best Stocks to Buy for the Rest of 2018
In May, the two metals companies announced a joint venture to commercialize carbon-free aluminum. Located in Montreal, the joint venture (JV), Elysis, will replace all direct greenhouse gas emissions from the traditional smelting process. Since 1886, the aluminum industry has relied on a production process that uses large pots, lined with black carbon and connected to an electrical current.
Despite bitcoin's price decline this year, crypto mining company Coinmint is moving ahead with to revamp Alcoa's 1,300 acre plot once used for aluminum smelting.
The imposition of tariffs by the Trump Administration has left businesses, consumers and workers guessing. While the duties themselves shifts benefits and costs, the real effects depend mostly on the negotiation skills of Donald J. Trump. The United States has always experienced a complicated relationship with tariffs.
A carbon-free process for aluminum production could be available by 2024 -- and it could be a true game changer.
The United States' closest allies attacked the Trump administration on Friday for imposing tariffs on steel and aluminum imports and mounted challenges with the world's top trade body, fouling the mood at a G7 finance leaders meeting. U.S. Treasury Secretary Steven Mnuchin was the prime target of the criticism at the meeting of Group of Seven finance ministers and central bank governors in Canada, with the six other G7 member countries subject to the U.S. metals tariffs, which were imposed on national security grounds.
WASHINGTON/WHISTLER, British Columbia (Reuters) - U.S. President Donald Trump told Canada and the European Union on Friday to do more to bring down their trade surpluses, a day after hitting them and Mexico with import tariffs on steel and aluminium. Trump also told French President Emmanuel Macron of the need to "rebalance trade with Europe," the White House said. The strong words followed swift responses to the tariffs by Canada, Mexico and the EU, which all plan to retaliate with levies on billions of dollars of U.S. goods, including orange juice, whiskey, blue jeans and Harley-Davidson motorcycles.
WASHINGTON/PARIS, May 31 (Reuters) - Canada and Mexico retaliated against the United State's decision on Thursday to impose tariffs on steel and aluminum imports and the European Union had its own reprisals ready to go, reigniting investor fears of a global trade war. The tariffs, announced by U.S. Commerce Secretary Wilbur Ross in a telephone briefing on Thursday, ended months of uncertainty about potential exemptions and suggested a hardening of the Trump administration's approach to trade negotiations.
The Canadian tariffs are set to go into effect on July 1 and stay in place until the United States lifts its own measures, Freeland said, hours after the United States said it would impose tariffs on aluminium and steel imports from Canada, Mexico and the European Union. "The American administration has made a decision today that we deplore, and obviously is going to lead to retaliatory measures, as it must," Prime Minister Justin Trudeau said at a news conference in Ottawa with Freeland.
Canada will impose retaliatory tariffs on C$16.6 billion ($12.8 billion) worth of U.S. exports and challenge U.S. steel and aluminum tariffs under the North American Free Trade Agreement and the World Trade Organization (WTO), Canadian Foreign Minister Chrystia Freeland said on Thursday. The Canadian tariffs are set to go into effect on July 1 and stay in place until the United States lifts its own measures, Freeland said, hours after the United States said it would impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union.
Now the company faces a crossroads as it restructures amid a revival in both PCs and printing. Assuming the company can breathe new life into its old industries, HPQ stock could be poised to again enjoy better times. In Q2, earnings per share (EPS) for HP met consensus estimates of 48 cents.
Fed’s Favorite Inflation Index, PCE, Due Today It’s the end of the month and you know what that means. That’s right traders and investors – everyone’s favorite bureau, the renowned Bureau of Economic Analysis, will release its Personal Consumption Expenditures (PCE) index numbers before market open. Nobody is expecting much surprises and news coverage leading […] The post Market Morning Roundup: PCE Inflation, Volcker Rule, North Korea Talks and now EU Trade War appeared first on Market Exclusive.
The White House is not planning on extending the European Union exemptions from steel and aluminum tariffs, CNBC has confirmed. The Trump administration is expected to make an announcement Thursday, sources close to the situation confirmed with CNBC. The Wall Street Journal first reported the news .
The aluminum industry saw one of its most eventful periods in recent memory in the first quarter, with supply disruptions and trade frictions significantly raising the prices of aluminum and alumina. Among the events contributing to aluminum supply chain disruptions, aluminum tariffs proposed by the United States had perhaps the greatest impact.
In the previous article, we looked at some of Alcoa’s (AA) bullish drivers. Chinese overcapacity is still among the biggest challenges for aluminum producers such as Rio Tinto (RIO) and Norsk Hydro (NHYDY). Chinese aluminum exports have been elevated this year despite President Donald Trump’s Section 232 tariffs.
Although aluminum and alumina have retreated from their 2018 highs after President Donald Trump softened the RUSAL sanctions, global aluminum and alumina markets are expected to be in a deficit by some observers, including companies such as Alcoa. Alumina prices are also being supported by the partial shutdown of Norsk Hydro’s (NHYDY) Alunorte refinery. Aluminum prices might also take support from higher alumina prices (XME).
Alcoa (AA) is having a dismal run in 2018. The stock is trading at a YTD (year-to-date) fall of 9.8% based on its May 23 closing price.
President Trump imposed tariffs on US steel and aluminum imports in March. The move was intended to boost domestic steel and aluminum producers. However, despite the tariffs, US steel and aluminum stocks like U.S. Steel (X), AK Steel (AKS), Century Aluminum (CENX), and Alcoa (AA) are sagging this year. In this article, we’ll see how the Section 232 tariffs could test President Trump’s mettle.
According to new research from Morgan Stanley, small-caps are poised for more out-performance this year thanks to the prospect for M&A and solid U.S. economic growth. Here are several small to mid-cap stocks Morgan Stanley says you should consider.