49.15 0.00 (0.00%)
After hours: 6:43PM EDT
|Bid||48.50 x 2900|
|Ask||49.30 x 1800|
|Day's Range||48.55 - 49.44|
|52 Week Range||29.55 - 62.35|
|PE Ratio (TTM)||42.37|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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.
Aluminum likes to cherish its image as the green metal. Endlessly recyclable and – in North America and Europe at least – largely manufactured using renewable hydroelectric power rather than the dirty coal used to produce steel and cement, its reputation is so solid that Apple Inc., Alcoa Corp. and Rio Tinto Group are aiming to make it even greener. A joint venture between Alcoa and Rio Tinto, with support from Apple and the Canadian government, will aim to make aluminum by 2024 with an innovative process that removes the carbon anodes that have been used in the smelting process ever since it was developed in the late 19th century.
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.
Cube Hydro Partners wants N.C. regulators to compel Duke Energy Corp. to sign power purchase agreements with three hydroelectric dams Cube it owns on the Yadkin River.
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).
Apple (AAPL) is getting greener in how it makes iPhones, iPads, and iMacs. The company says its entered into a joint venture with aluminum producers Alcoa (AA) and Rio Tinto (RIO) to make its devices more environment-friendly. "We are proud to be part of this ambitious new project, and look forward to one day being able to use aluminum produced without direct greenhouse gas emissions in the manufacturing of our products," Apple CEO Tim Cook said in a statement.
Leading the Apple Inc. (NASDAQ:AAPL) rumor mill today is news of another iPhone SE 2 leak. Today, we’ll look at that and other Apple Rumors for Friday.
Apple said the new process of smelting aluminum replaces the use of carbon with an advanced conductive material. Oxygen is released as a result instead of carbon dioxide, meaning the metal can be produced in an environmentally clean way. Aluminum is used in most of Apple's popular products, including the iPhone, iPad and iMac.
Apple Inc. is backing a joint venture between metal producers Alcoa Corp. and Rio Tinto Group to develop a new aluminum-making process that eliminates greenhouse gases. The Alcoa-Rio joint venture, which will get initial funding of C$188 million ($147 million), will be based in Montreal and have a research facility in Quebec’s Saguenay region, the aluminum makers said Thursday in a statement. The announcement was made with Canadian Prime Minister Justin Trudeau on hand along with executives from the three companies.
Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included the iPhone maker and a couple of top industrials. Bearish calls included the leading electric car ...
By Susan Taylor TORONTO (Reuters) - Aluminum producer Alcoa Corp said on Friday that management at its Quebec smelter have notified the provincial labor ministry they are ready to resume mediated contract talks with the United Steelworkers union. The smelter, which produces some 430,000 metric tonnes of aluminum annually, has been operating at reduced capacity by non-union workers since Jan. 11, when 1,030 unionized workers were locked out after their contract expired.
Aluminum producer Alcoa Corp said on Friday that management at its Quebec smelter have notified the provincial labor ministry they are ready to resume mediated contract talks with the United Steelworkers union. The smelter, which produces some 430,000 metric tonnes of aluminum annually, has been operating at reduced capacity by non-union workers since Jan. 11, when 1,030 unionized workers were locked out after their contract expired.
Century Aluminum (CENX) posted its 1Q18 earnings after the market closed on May 3. While the company’s shipments fell slightly over the period, they were offset by higher realized aluminum prices amid higher US aluminum premiums (XME) (RIO). Despite higher average realized prices, Century Aluminum’s earnings fell on a sequential basis in 1Q18.
The global aluminum industry has witnessed increased uncertainty this year. Analysts have been scratching their heads trying to predict how much aluminum China would consume—and more importantly how much of its excess produce it would sell in global markets. Now, we have President Donald Trump calling the shots in aluminum markets.
Alcoa Corp (NYSE: AA ), which has become lean-and-mean following the November 2016 divestiture of its downstream business, picked up sell-side bull on Wednesday. The Analyst Jefferies analyst Christopher ...