|Bid||2.64 x 0|
|Ask||2.65 x 0|
|Day's Range||2.61 - 2.69|
|52 Week Range||1.66 - 2.96|
|PE Ratio (TTM)||22.46|
|Earnings Date||Feb 21, 2018 - Feb 26, 2018|
|Forward Dividend & Yield||0.25 (9.24%)|
|1y Target Est||2.24|
Think aluminum prices have been going crazy? Primary aluminum is made from feeding gritty white alumina -- an oxide refined from bauxite ore that’s essentially the same stuff as rubies and sapphires -- into electrical furnaces. At the most basic level, years of rough balance between supply and demand seem to be finally running off the rails.
If you want to avoid the risk of losing your investment you should be looking for companies that are more likely to maintain and grow their value regardless of marketRead More...
Kazakhstan is looking to open up new markets for its alumina exports, concerned U.S. sanctions on Russian aluminium giant Rusal (RUAL.MM) could hit business and jobs. Eurasian Resources Group (ERG), a company part-owned by the Kazakh government, produces 1.5 million tonnes a year of alumina, which is used to make aluminium, selling two-thirds to Rusal . Timur Toktabayev, deputy minister for investments and development, said on Thursday the cabinet was looking at various options to avoid local plant stoppages and open up new markets.
Chinese traders are preparing to export alumina to reap the profits from record prices for spot cargoes after the United States imposed sanctions on Russia's United Company Rusal, among the biggest producers of the aluminium raw material. China is the world's the biggest producer and consumer of alumina, a compound extracted from bauxite ore that is then smelted into aluminium metal. Rusal, the world's second-biggest aluminium producer, produces about 6 percent of the global alumina supply and the sanctions have exacerbated a shortfall in the market after a plant in Brazil was forced to halve output earlier in the year.
Chinese traders are preparing to export alumina to reap the profits from record prices for spot cargoes after the United States imposed sanctions on Russia's United Company Rusal, among the biggest producers of the aluminium raw material. China is the world's the biggest producer and consumer of alumina, a compound extracted from bauxite ore that is then smelted into aluminium metal.
The latest earnings update Alumina Limited’s (ASX:AWC) released in December 2017 confirmed that the company turned profitable again after experiencing negative earnings in the last financial year. Below is aRead More...
The price for alumina, a key ingredient for making aluminium, has surged to an all-time high above $700 a tonne following US sanctions against producer Rusal, which owns Europe’s largest refinery. Traders ...
Alcoa is scheduled to release its 1Q18 earnings on April 18. In the previous articles, we’ve seen what analysts are projecting for Alcoa’s 1Q18 earnings and the key updates that markets might watch for in the company’s 1Q18 earnings call. Let’s now see how analysts are rating the stock ahead of its 1Q18 earnings release.
Aluminum surged to a six-year high as the impact of U.S. sanctions against United Co. Rusal continued to reverberate through the global market more than a week after they were announced, with buyers rushing ...
Rio Tinto is set to invoke a clause that will allow the miner to walk away from contracts with a giant metal refinery in Ireland controlled by Russian billionaire Oleg Deripaska. The Anglo-Australian miner ...
Rio Tinto is set to invoke a clause that will allow the miner to walk away from a contract to supply raw materials to a giant alumina refinery in Ireland controlled by Russian billionaire Oleg Deripaska. ...
While the impact of US sanctions on Russian metals company Rusal has focused attention on the aluminium market, the fallout has been even larger and more immediate in one raw material used to make the ...
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Alumina Limited (ASX:AWC) with a market-capitalization of AU$7.46B, rarely draw their attention. Despite this, commonly overlooked mid-capsRead More...
Alumina Limited (ASX:AWC) is trading with a trailing P/E of 15.3x, which is higher than the industry average of 14x. While AWC might seem like a stock to avoid orRead More...
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.
Alcoa (AA) expects to generate adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) between $2.6 billion and $2.8 billion in fiscal 2018. The guidance has baked in average LME (London Metals Exchange) aluminum prices of $2,200 per metric ton and API (alumina price index) of $390 per metric ton. In arriving at this guidance, Alcoa has assumed almost flat alumina (AWC) and bauxite shipments as compared to 2017 with a slight decrease in its aluminum shipments (CENX).
China is curtailing its polluting steel and aluminum capacity in a bid to address rising pollution levels. China exported 440,000 metric tons of unwrought aluminum last month—a YoY (year-over-year) increase of 12.8%. Last year, China’s aluminum exports rose 4.5%—compared to 2016.
In this article, we’ll see what the market would like to hear on Alcoa’s 4Q17 earnings call. For metal and mining companies (RIO)(AWC) like Century Aluminum (CENX) and South32 (S32), the macro environment—which includes metal and raw material prices—is equally if not more important than company-specific factors. Speaking of aluminum, we’ve seen that prices are sensitive to China’s demand-supply dynamics.
Alcoa’s (AA) 4Q17 earnings are expected on January 17. Notably, for mining companies, sales are a function of external shipments and commodity prices. Bauxite, alumina, and aluminum are the key commodities that Alcoa sells.