|Bid||2.360 x 0|
|Ask||2.370 x 0|
|Day's Range||2.350 - 2.410|
|52 Week Range||2.040 - 3.200|
|Beta (3Y Monthly)||0.55|
|PE Ratio (TTM)||13.91|
|Earnings Date||Aug 20, 2018 - Aug 24, 2018|
|Forward Dividend & Yield||0.24 (9.61%)|
|1y Target Est||2.18|
Aluminum prices topped the $2,500 per metric ton level in April amid Rusal sanctions. Alumina prices have been more volatile than aluminum prices (XME). The global alumina markets have been rocked by a series of supply disruptions this year, especially at Norsk Hydro’s (NHYDY) Alunorte refinery.
Mid-caps stocks, like Alumina Limited (ASX:AWC) with a market capitalization of AU$7.7b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. Read More...
Alumina, which sits in the aluminium production process between bauxite and refined metal, has historically been a highly efficient link in the supply chain. It is, to quote Greg Wittbecker, analyst at the CRU research house, one of those markets "people have taken for granted". A series of supply hits have sent the alumina price on a rollercoaster ride this year, at one stage threatening the closure of several European aluminium smelters.
Unionised workers at aluminium producer Alcoa's Western Australian operations on Friday agreed to end a strike that lasted more than six weeks after securing better job security provisions in a new wage agreement. The workers agreed to end the strike and will return to work on Monday, the Australia Workers' Union (AWU) said in a statement. Alcoa welcomed the AWU decision to end the strike, and added it would take the revised wage agreement to an employee vote next month, the company said in a statement.
The Trump administration’s aluminum tariffs are aimed at boosting U.S. producers’ profits. The sanctions have pushed up prices for aluminum’s key ingredient, alumina, eating into the profits of U.S. producers, analysts and aluminum makers say. It takes about two tons of alumina to make one ton of aluminum and companies that had previously purchased the white powdery material from Rusal, which makes 6% of the world’s alumina, have been scrambling to get supplies from other producers, squeezing limited supplies.
The union at Alcoa's aluminium operations in the state of Western Australia said it was meeting with the company again on Wednesday to try to resolve a strike that has lasted more than six weeks, after the firm last week revised an earlier offer. "(The union's negotiating team) is meeting with Alcoa this Wednesday to discuss a resolution to the dispute," said Australian Workers' Union State Secretary Mike Zoetbrood. "A further (union) mass meeting has been scheduled for this Friday ... where we hope to achieve a fair outcome for our members," he said.
This analysis is intended to introduce important early concepts to people who are starting to invest and want to begin learning the link between company’s fundamentals and stock market performance.Read More...
The alumina price is on a charge again. In China spot prices are at their highest since December last year, according to Shanghai Metals Market. There is the potential for short-term relief if the strike at AWAC's facilities ends and Norwegian producer Hydro can persuade the Brazilian authorities to allow full operations at its Alunorte refinery.
Workers at Alcoa's alumina and bauxite operations in Western Australia have voted to reject a proposed workplace agreement and will continue to strike, a trade union said on Friday. Around 1,500 staff at three alumina refineries and two bauxite mines walked out on Aug. 8 over a new workplace agreement they say does not offer sufficient job security.
Alcoa's alumina production has likely been hit by a four-week strike at its Western Australian operations, the Australian Workers' Union said on Wednesday, raising the prospect of a widening supply deficit in the key aluminium-making ingredient. A spokeswoman said Alcoa had no additional comment on Wednesday, after it had said there has been no significant impact on output from the strike that began on Aug. 8. A vote by the striking workers on whether to accept a new workplace agreement is due to close on Thursday, with the union anticipating a strong "no" vote that could prolong the industrial action.
A vote by striking workers at Alcoa's (AA.N) giant west Australian operations will close on Thursday, with the union anticipating a strong "no" vote that could prolong the four-week old strike. Around 1,500 workers at three alumina refineries and two bauxite mines in Western Australia state walked out on Aug. 8 over a new workplace agreement that they say does not offer sufficient job security. The refineries account for around 9.3 million tonnes of capacity or some 8 percent of the world supply of alumina, which is used to make aluminum.
BEIJING/MELBOURNE, Aug 29 (Reuters) - China is shipping unusually high volumes of alumina for a second time this year to an international market desperate for the ingredient used to make aluminium, traders and analysts said, even as domestic prices rise and put pressure on smelters. Contracts to export over 140,000 tonnes of alumina from China were signed in July amid a favourable price arbitrage, according to consultancy CRU. China, the world's top aluminium producer, has rarely exported significant volumes of alumina.
In this analysis, my focus will be on developing a perspective on Alumina Limited’s (ASX:AWC) latest ownership structure, a less discussed, but important factor. Ownership structure has been found toRead More...
Australian producers of alumina, South 32 and Alumina Ltd, both said on Thursday they expect high prices for the aluminium raw material to stretch into next year based on a shortfall in global supply. A buoyant cycle for alumina is expected to continue given an outage at the Alunorte plant in Brazil, production cuts in China over the coming winter, and prospects that global aluminium maker UC Rusal may not escape sanctions this year. Alumina Ltd is a stakeholder in miner and aluminium producer Alcoa World Alumina and Chemicals (AWAC), which is 40 percent owned by itself and 60 percent by Alcoa.
Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Alumina Limited (ASX:AWC) as an investment opportunity by taking the foreastRead More...
With an ROE of 15.21%, Alumina Limited (ASX:AWC) outpaced its own industry which delivered a less exciting 11.89% over the past year. While the impressive ratio tells us that AWCRead More...
Defensive investment strategies are those that maintain holdings in safe assets, which include stocks that meet a certain criteria that avoids losses in market value. To do this, you needRead More...
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.
I am going to run you through how I calculated the intrinsic value of Alumina Limited (ASX:AWC) using the discounted cash flow (DCF) method. Anyone interested in learning a bitRead More...
Moody's Investors Service has upgraded Alcoa of Australia Limited's (AoA) issuer rating to Baa2 from Baa3. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. Today's rating action follows the upgrade of Alcoa Nederland Holding B.V.'s ('Alcoa NL') Corporate Family Rating ('CFR') to Ba1 from Ba2 and the upgrade of Alcoa NL's Senior Unsecured Notes to Ba1 from Ba2.
Moody's Investors Service, ("Moody's") upgraded Alcoa Nederland Holding B.V.'s (ANHBV) Corporate Family Rating (CFR) and Probability of Default Rating to Ba1 and Ba1-PD respectively from Ba2 and Ba2-PD respectively and upgraded the company's senior unsecured notes to Ba1 from Ba2. The notes are guaranteed by Alcoa Corporation (Alcoa).