47.10 +0.40 (0.86%)
After hours: 7:20PM EST
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||46.58 - 48.14|
|52 Week Range||29.55 - 57.50|
|PE Ratio (TTM)||40.26|
|Earnings Date||Jan 9, 2017 - Jan 13, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||61.64|
The main U.S. producer of high-purity aluminum used in military aircraft is poised to begin restarting idled production lines at its smelter in eastern Kentucky and rehire some 350 workers if President Donald Trump imposes aluminum import curbs. Century Aluminum Co Chief Executive Michael Bless told Reuters on Thursday that the Commerce Department recommendations for aluminum tariffs or quotas would allow U.S. primary aluminum producers to restore all of "what's left" of their idled capacity to production. The company has shut down three-fifths of Hawesville's production machinery in response to a flood of imports in recent years from China, the Middle East and Russia.
The US Commerce Department has recommended actions including a tariff and quota against aluminum imports under the Section 232 imports probe that was completed earlier this year. While the news triggered buying interest in Century Aluminum (CENX), Alcoa (AA) actually closed with a marginal loss after the news broke out. There is significant aluminum overcapacity in China, and the country’s exports have been on the rise, despite the much-publicized winter month capacity curtailments.
As noted in the previous article, a flat tariff on aluminum imports might not have a major impact on US aluminum production and might not boost jobs in the US aluminum smelting industry. The quotas, if imposed, could have an impact on US aluminum production, as they would limit aluminum volumes in the US market at a time when demand is expected to rise as compared with last year.
Aluminum and steel producers hope tariffs under consideration by the Trump administration will heat up demand for their products, but the U.S. remains an expensive place to make the metals.
In December 2017, Alcoa Corporation (NYSE:AA) released its latest earnings announcement, which signalled that the company finally turned profitable after delivering negative earnings on average over the past couple ofRead More...
The U.S. Commerce Department has recommended that President Donald Trump impose steep curbs on steel and aluminum imports from China and other countries ranging from global and country-specific tariffs to broad import quotas, according to proposals released on Friday. The long-awaited unveiling of Commerce's "Section 232" national security reviews of the two industries contained global tariff options of at least 24 percent on all steel products from all countries, and at least 7.7 percent on all aluminum products from all countries.
Discover information about how investors can use ETFs to obtain exposure to the aluminum market, including information on specific funds.
Shares of U.S. Steel Corp. surged more than 12% and Alcoa Inc. stock rose nearly 3% on Friday after the U.S. Commerce Department recommended tariffs on steel and aluminum from other countries, including ...
Alcoa Corporation today announced that its President and Chief Executive Officer Roy Harvey will present at the BMO Capital Markets 27th Global Metals & Mining Conference in Hollywood, Florida, on Tuesday, February 27, at 10:30 a.m.
Paul Singer’s Elliott Management Corp. pared its stake in Alcoa Corp. by almost two-thirds last quarter and billionaire George Soros’s hedge fund exited.
As commodity prices have been strong over the last few quarters, several metals and mining companies have taken a generous view of their dividend policies. Notably, mining companies’ dividends had fallen prey to lower commodity prices in 2015. While Freeport-McMoRan (FCX) has reinstated its dividend by announcing a $0.05 quarterly dividend per share, some of the other mining companies have opted for a flexible dividend policy.
NEW YORK, NY / ACCESSWIRE / February 6, 2018 / The markets recent selloff continued Monday as a result of rising interest rates. Both the Dow Jones and the S&P 500 fell sharply to close in negative territory ...
Arconic guided 2018 profits low early Monday, with shares crashing to their lowest level since December despite a sound beat on the top and bottom lines for the fourth quarter of 2017.
Aluminum products maker Arconic beat analysts' estimates for profits and revenues this morning, but the company's guidance was soft and investors had reason to sell again Monday.
Australia's strained power supply grid has largely withstood soaring temperatures this summer, but a year after the nation's biggest city, Sydney, was hit by blackouts, the real test comes this month. A state-wide blackout in South Australia in September 2016 sparked a conservative backlash over the use of solar and wind at the expense of dirtier but 'always-on' coal-fired generation and a scramble to add back-up power. South Australia, the country's most wind energy-dependent state, has installed the world's biggest lithium ion battery from Tesla Inc and diesel generators.
Guinean bauxite mining company La Guineenne des Mines (GDM) shipped the first ore from its project in the western Boke region on Thursday and will target exports of 2 to 4 million tonnes this year, its chief executive said. The first cargo of 174,000 tonnes of the aluminium ore was loaded onto ships operated by Singapore's Winning Shipping and Chinese firm Shadong Weiqiao at the port of Dapilon. The companies - the main owners of the Societe Miniere de Boke (SMB) bauxite project - negotiated rights to purchase and export GDM's production.
Alcoa (AA) expects global aluminum demand to exceed supply in 2018 on China’s supply-side reforms. Notably, China has been curtailing its polluting industrial capacity in a bid to control its rising smog levels during the winter months.
In this part, we’ll see what Alcoa’s (AA) management had to say about aluminum’s demand-supply equation during its 4Q17 earnings call. First, let’s see what Alcoa had to say about the 2017 market balance. According to Alcoa, global bauxite and alumina markets (AWC) were balanced in 2017.
Alcoa (AA) reported its 4Q17 earnings on January 17, 2018, after the markets closed. The company posted an adjusted EPS (earnings per share) of $1.04 in 4Q17. Alcoa’s 4Q17 earnings fell short of analysts’ top line and bottom line estimates.
LONDON, UK / ACCESSWIRE / January 22, 2018 / Active-Investors.com has just released a free earnings report on Alcoa Corp. (NYSE: AA ). If you want access to this report all you need to do is sign up now ...