Alcoa Corp

Most Recent

  • Collage of Alcoa employees
    Basic Materials

    Alcoa Stock Will Likely Rally More, Looks Like a Good Buy Now

    By Mohit Oberoi, CFA
  • Steel metal production facility
    Green Energy Stocks

    Green Metal Stocks Help Make Your Portfolio More Sustainable

    By Rachel Curry
  • uploads///part
    Earnings Report

    Why It’s No Surprise that Alcoa Cut Aluminum Demand Guidance

    Alcoa has revised down its 2016 global aluminum demand growth projection to 5%.

    By Mohit Oberoi, CFA
  • uploads///valuation
    Miscellaneous

    Could Alcoa’s Split Create Shareholder Value?

    As an Alcoa (AA) shareholder, you might like to know whether the split will create value. The value, in this case, would basically mean whether the two separate companies would be worth more than the combined entity.

    By Mohit Oberoi, CFA
  • uploads///Base Metals
    Company & Industry Overviews

    All of the Base Metals Recovered Except for Tin

    After a string of losing days, base metals recovered on January 13, 2016. Except for tin, all of the base metals rose on January 13 in the LME.

    By Val Kensington
  • uploads///
    Company & Industry Overviews

    Base Metal Miners Recover

    In the week ended December 26, the equities of all major base metal miners gained, recovering from losses in the week prior.

    By Val Kensington
  • uploads///part
    Basic Materials

    Alcoa’s 2Q16 Earnings: What Can Investors Expect?

    Alcoa (AA) is expected to release its 2Q16 earnings on July 11. The company is in the final stages of its split, which will create two new entities.

    By Mohit Oberoi, CFA
  • uploads///ISM
    Macroeconomic Analysis

    Expanding Service Sector Gives Relief to Economy in September

    With manufacturing slowing, a reading of the Non-Manufacturing Index at an above-neutral level (56.9) may provide some relief to the US economy, which is highly dependent on the service sector for its economic growth.

    By Lara Sheldon
  • uploads///Performance of SPYs Component Sectors
    Macroeconomic Analysis

    Interest Rate Woes Continue to Haunt the US Stock Market

    Now that the Fed’s meeting is over, the timing of the rate hike has made investors anxious. The delay in the rate hike is a sign of the health of the domestic economy.

    By Renee Blakely
  • uploads///cOPPER
    Macroeconomic Analysis

    Why Did Copper Ignore Stimulus from China?

    Copper prices experienced a roller coaster ride on Monday after important market-moving news from China.

    By Val Kensington
  • uploads///Miners weekly
    Company & Industry Overviews

    Base Metal Miners Declined the Week Ended January 2, 2016

    The equities of major base metal mining companies fell in the week ended on January 2. Freeport-McMoRan, one of the leading copper producers, fell last week and ended in a loss.

    By Val Kensington
  • uploads///Miners
    Macroeconomic Analysis

    Base Metal Miners on Tuesday, March 22: Some Up, Some Down

    Freeport-McMoRan (FCX), one of the largest copper miners, rose for the second consecutive trading day on Tuesday, March 22, 2016. It closed the day at $10.99, a rise of 1.8%.

    By Val Kensington
  • uploads///Non farm Payroll Additions and Unemployment Rate in the US
    Macroeconomic Analysis

    How a Slowing Economy Impacts the US Labor Market

    The health of the US labor market is possibly the primary reason the FOMC (Federal Open Market Committee) had confidence to raise interest rates in December 2015

    By David Ashworth
  • uploads///debt levels
    Macroeconomic Analysis

    Alcoa’s Leverage Ratio Misses The Mark

    Alcoa’s leverage ratio has increased over 2Q 2014. This basically means that the proportion of debt in Alcoa’s capital structure has increased.

    By Mohit Oberoi, CFA
  • Basic Materials

    Why Alcoa is improving its competitive position

    Alcoa idled several smelting plants since 2007. Its aluminum smelting capacity has come down by 28% over the period. Most of these smelters had high unit production costs.

    By Mohit Oberoi, CFA
  • uploads///part  steel price
    Basic Materials

    Will Consumers End Up Paying to Save US Steel Companies?

    Tariffs, like the one imposed by President Trump, could end up raising prices for consumers.

    By Mohit Oberoi, CFA
  • uploads///
    Company & Industry Overviews

    Base Metals Dive after Opening the Week on a Surge

    All base metals declined that day on the LME, and LME nickel was the biggest loser of the day in base metals with a decline of 2.8%.

    By Val Kensington
  • uploads///man _
    Basic Materials

    Election Over, Market Still Undecided

    We know the nation is politically divided, and now the market is showing us its split personality as well.

    By JP Gravitt
  • uploads///base metals
    Company & Industry Overviews

    Base Metals Continue to Rise in the London Metal Exchange

    The base metals found some relief on January 13, 2016. They carried the same positive sentiment to January 14. All of the base metals rose in the LME.

    By Val Kensington
  • uploads///comparative
    Basic Materials

    Aluminum company metrics compared

    Trading on the London metal exchange determines the price for primary aluminum. Any increase in the price of aluminum benefits companies that produce primary aluminum.

    By Mohit Oberoi, CFA
  • uploads///part
    Macroeconomic Analysis

    China’s April Trade Data: What It Means for Metal Investors

    China released its April trade data on May 8. The data weren’t received well by investors. Asian markets were trading lower in early trade.

    By Mohit Oberoi, CFA
  • uploads///Untitled
    Company & Industry Overviews

    Could the OPEC Meeting Have an Impact on Alcoa?

    It could be déjà vu for Alcoa (AA) investors after the OPEC meeting on December 4, 2015. Last year’s decision to maintain daily crude output had a negative impact on all commodities.

    By Mohit Oberoi, CFA
  • Basic Materials

    Must-know: Alcoa’s third quarter portfolio transformation

    Alcoa announced the acquisition of Firth Rixson. Firth Rixson is the largest jet engine ring manufacturer. It gets ~75% of its revenues from aerospace industries.

    By Mohit Oberoi, CFA
  • uploads///part  premiums
    Basic Materials

    Why the Aluminum Supply Deficit Is Not Causing Premiums to Strengthen

    US Midwest aluminum premiums are currently quoted at $0.07 per pound. Premiums have fallen slightly in July and are now down more than 22% year-to-date.

    By Mohit Oberoi, CFA
  • uploads///aluminum pemiums
    Earnings Report

    Lower Aluminum Prices Dint Alcoa’s 1Q 2015 Earnings

    Alcoa prices its aluminum with a 15-day lag to LME aluminum prices. Its 1Q earnings lost $84 million due to a decline in aluminum prices.

    By Mohit Oberoi, CFA
  • uploads///part  alumina prices
    Miscellaneous

    Why Alumina Prices Are a Challenge for Alcoa

    The decline in alumina prices is a concern for Alcoa. The profitability of its alumina operations would be hit due to lower alumina prices.

    By Mohit Oberoi, CFA
  • Basic Materials

    Part 3–Starwood Hotels & Resorts—a mid cap growth stock that is fully booked

    Strong Momentum in HOT The below graph reflects the strong performance of Starwood Hotels and resorts, HOT, which was particularly strong until the 2008 crisis, and is once gain handsomely outperforming the Morningstar mid cap growth total return index. While just a bit below the S&P 400 index over the years, Starwood Hotels has been […]

    By Marc Wiersum, MBA
  • uploads///part  aluminum
    Macroeconomic Analysis

    Can Higher Chinese Aluminum Exports Spoil Alcoa’s Party?

    China exported 350,000 metric tons of unwrought aluminum in October. Chinese aluminum exports fell ~1.8% YoY in the first ten months of 2016.

    By Mohit Oberoi, CFA
  • uploads///lme rules
    Macroeconomic Analysis

    2 Factors That Could Impact Aluminum Premiums In 2015

    Aluminum premiums are negotiated between aluminum warehouses and the end buyers. This makes them less susceptible to speculation.

    By Mohit Oberoi, CFA
  • uploads///part
    Miscellaneous

    How Integrated Operations Would Be Alcoa’s Competitive Advantage

    Alcoa (AA) has integrated operations. Under the current market scenario, integrated operations could become Alcoa’s competitive advantage.

    By Mohit Oberoi, CFA
  • uploads///part  revenue goal
    Earnings Report

    Alcoa’s 2016 Guidance Adds Gloom to 3Q Earnings Disappointment

    During its 3Q16 earnings call, Alcoa lowered the business targets for all three segments under Arconic.

    By Mohit Oberoi, CFA
  • uploads///part
    Earnings Report

    What Analysts Expect from Century Aluminum’s 3Q15 Earnings

    According to data compiled by Bloomberg, Century Aluminum is expected to post revenues of $445.7 million in its 3Q15 earnings release. In 2Q15, it had net revenues of $523.5 million.

    By Mohit Oberoi, CFA
  • uploads///part  deficit
    Basic Materials

    How Does Alcoa’s Record Aluminum Deficit Projection Look?

    Earlier, Alcoa projected a 1.1 million metric ton deficit for global aluminum markets. It revised down its deficit projection during its 2Q16 conference call.

    By Mohit Oberoi, CFA
  • uploads///part  outlook
    Company & Industry Overviews

    Aluminum Executives Discuss the Industry Outlook

    For commodity companies like Rio Tinto (RIO), the industry outlook is as important, if not more important, than the company’s position in the industry.

    By Mohit Oberoi, CFA
  • uploads///part  outlook
    Earnings Report

    Aluminum Industry Outlook: What Do Top Executives Have to Say?

    Aluminum industry outlook For commodity companies like Rio Tinto (RIO), industry outlook is as important—if not more important—than the company’s position in the industry. Let’s see what senior aluminum executives have had to say about the aluminum industry’s outlook during their companies’ 3Q16 earnings calls. Century Aluminum Century Aluminum (CENX) expects two million metric tons […]

    By Mohit Oberoi, CFA
  • uploads///aluminum price
    Basic Materials

    Trouble Ahead For Alcoa? Halcyon Days Of 2014 Could Be Over

    Aluminum prices were strong for most of 2014. But OPEC changed all that last fall when it decided to maintain crude oil output levels.

    By Mohit Oberoi, CFA
  • uploads///part  gross profits
    Company & Industry Overviews

    Did Alcoa Just Bail Out Century Aluminum?

    Century Aluminum’s earnings have come under severe pressure because of the steep correction in aluminum prices. The company posted a gross loss in 3Q15.

    By Mohit Oberoi, CFA
  • uploads///part  eps guidance
    Earnings Report

    Alcoa Lowers Guidance for Aerospace Business for the Second Time

    During its 3Q16 earnings call, Alcoa reduced its EPS segment’s fiscal 2016 revenue guidance to $5.6 billion–$5.8 billion from $5.9 billion–$6.1 billion.

    By Mohit Oberoi, CFA
  • uploads///Aluminum
    Earnings Report

    Rio Tinto: In-Line Aluminum, More-than-Expected Bauxite Production

    Rio Tinto (RIO) and Alcan combined in 2007 to form Rio Tinto Alcan, a global leader in the aluminum industry. Its fully integrated facilities include high-quality bauxite mines…

    By Anuradha Garg
  • uploads///construction
    Macroeconomic Analysis

    Engineering Alcoa’s Success In 2015

    Alcoa’s engineered products and services In the previous part of this series, we discovered that the engineered products and services segment is Alcoa’s (AA) most profitable. In this part, we’ll look at two factors that will drive this part of the business in 2015. Non-residential construction Alcoa earns almost $1 billion in revenues from the non-residential construction industry. Non-residential construction is picking up, […]

    By Mohit Oberoi, CFA
  • uploads///part  aluminum
    Basic Materials

    Will the Demand-Supply Mismatch Spur Chinese Aluminum Exports?

    China’s unwrought aluminum exports rose 20.4% YoY in August. Although the increase is a concern, things aren’t as bad as suggested by the big YoY spike.

    By Mohit Oberoi, CFA
  • uploads///dices over newspaper profit
    Basic Materials

    US-China Trade War: Tariffs despite Continued Talks

    The US (SPY) and China (FXI) have imposed tariffs on $16 billion worth of goods. The tariffs were imposed despite talks in Washington, DC.

    By Mohit Oberoi, CFA
  • uploads///Fianc
    Company & Industry Overviews

    Why Is Netflix Expected to Open Higher on January 19?

    After the market closed on Wednesday, Netflix (NFLX) posted upbeat fourth quarter earnings. It reported $2.48 billion in revenue in the fourth quarter.

    By Val Kensington
  • uploads///mt holly dynamics
    Earnings Report

    Was Alcoa Smart to Sell Mt. Holly Smelter to Century Aluminum?

    In 2014, Alcoa (AA) sold its stake in the Mt. Holly smelter to Century Aluminum (CENX).

    By Mohit Oberoi, CFA
  • uploads///part
    Earnings Report

    Key Takeaways from Alcoa’s 4Q16 Earnings Call

    The question of restarting US plants cropped up during Alcoa’s 4Q16 earnings call. However, Alcoa’s management sounded wary.

    By Mohit Oberoi, CFA
  • uploads///part  surplus
    Basic Materials

    Is the Projected Surplus Weighing on Copper This Year?

    Copper’s apparent demand has been better-than-expected this year on the rise in Chinese construction activity coupled with an increase in the country’s bonded stocks.

    By Mohit Oberoi, CFA
  • uploads///China aluminum export
    Basic Materials

    China Has A Limited Impact On The Global Aluminum Industry

    Bauxite is the main raw material in aluminum production. China lacks high-quality bauxite reserves. Until last year, China was relying on bauxite from Indonesia.

    By Mohit Oberoi, CFA
  • uploads///last
    Macroeconomic Analysis

    How Do Aluminum Inventories Work?

    Aluminum inventories with London Metal Exchange (or LME) registered warehouses have declined this year. Aluminum inventories have been on a decline for almost two years.

    By Mohit Oberoi, CFA
  • uploads///considerations part
    Fund Managers

    Must Know: What Value Can Elliott Management Add to Alcoa?

    Elliott Management noted that it plans to engage in a “constructive dialogue” with Alcoa’s (AA) board regarding Alcoa’s split transaction and “additional available opportunities to maximize shareholder value.”

    By Mohit Oberoi, CFA
  • uploads///part  eps
    Basic Materials

    Alcoa Is Optimistic about Aluminum’s 2018 Outlook

    Alcoa (AA) reported its 4Q17 earnings on January 17, 2018, after the markets closed. The company posted an adjusted EPS of $1.04 in 4Q17.

    By Mohit Oberoi, CFA
  • uploads///part  alumina price
    Basic Materials

    How Alumina Prices Affect Century Aluminum

    Alcoa (AA) is an integrated aluminum producer like Rio Tinto (RIO) and Norsk Hydro (NHYDY) and produces alumina and aluminum (DBB).

    By Mohit Oberoi, CFA
  • uploads///part
    Company & Industry Overviews

    Why Arconic Investors Can Find Solace in Alcoa’s Gains

    While Alcoa (AA) has seen upward price action following its split, Arconic (ARNC) has sagged. However, Arconic’s investors can still find some solace in Alcoa’s gains.

    By Mohit Oberoi, CFA
  • uploads///last valuations
    Company & Industry Overviews

    Aluminum Companies’ Valuation: Key Investor Takeaways

    Alcoa’s (AA) valuation has fallen over the last year. Currently, it trades at a discount to its five-year average. The valuation fell for a reason.

    By Mohit Oberoi, CFA
  • uploads///part  poor cousin
    Miscellaneous

    Alcoa’s Split: Is the ‘Crown Jewel’ Doing as Expected?

    When the split was announced last year, Arconic was supposed to be the crown jewel that would help drive value for shareholders once listed as a separate entity.

    By Mohit Oberoi, CFA
  • uploads///part  alumina
    Miscellaneous

    Should Lower Alumina Prices Bother Alcoa and Other Producers?

    Although lower alumina prices might not immediately lead to a decline in aluminum prices, they certainly could limit aluminum’s upside.

    By Mohit Oberoi, CFA
  • uploads///PART
    Basic Materials

    How Do Aluminum Producers Look Going into 3Q16?

    Most aluminum producers’ earnings were received well by markets. Alcoa (AA) saw an upward price action of 5.4% after its earnings release.

    By Mohit Oberoi, CFA
  • uploads///part  steel
    Basic Materials

    US Steel Stocks in Line of Fire as Trump Takes on China

    President Trump has hardened his stance on trade issues, threatening tariffs on billions of dollars of Chinese goods.

    By Mohit Oberoi, CFA
  • uploads///part  analysts
    Miscellaneous

    How Analysts Are Rating CENX Leading Up to Its 4Q16 Results

    In this article, we’ll analyze how analysts are rating Century Aluminum leading up to its 4Q16 earnings.

    By Mohit Oberoi, CFA
  • uploads///last
    Earnings Report

    How Can Century Aluminum Manage the Current Downtrend?

    Fortunately for Century Aluminum, its leverage ratios are currently much lower than other companies in this space. CENX has $123 million in cash that should help it manage its operations over the next few quarters

    By Mohit Oberoi, CFA
  • Basic Materials

    Must-know: 3 expansions that will drive Alcoa’s automotive sales

    The Saudi Arabia JV is expected to produce its own electricity. The Middle East has access to cheap fuel sources. As a result, the overall production cost is expected to be lower in this plant.

    By Mohit Oberoi, CFA
  • uploads///china aluminum exports
    Macroeconomic Analysis

    Global Supply to Rise as China Eases Aluminum Export Taxes

    In its latest move, China has removed the export duty on several products, including rods and strips made from primary aluminum.

    By Mohit Oberoi, CFA
  • uploads///article
    Basic Materials

    Why Stanley Druckenmiller Dissolved His Position in Barrick Gold

    Druckenmiller has sold the firm’s position in Barrick Gold, which shows that he might have a strong outlook on the equity market.

    By Sarah Sands
  • uploads///Aluminum
    Earnings Report

    New Smelter to Keep Rio’s Aluminum Production Strong

    Currently, the aluminum industry is plagued with overcapacity amid weakening demand. This has led many players to announce capacity curtailments in 2016.

    By Anuradha Garg
  • uploads///aerospace
    Macroeconomic Analysis

    Must-know: Alcoa’s Aerospace Segment Is Important

    The aerospace segment is the one of the biggest aluminum consumers in the world. Alcoa (AA) got $4 billion in revenue from aerospace companies last year.

    By Mohit Oberoi, CFA
  • Basic Materials

    Are aluminum vehicles really good for the environment?

    According to the steel industry, aluminum production is energy intensive. As a result, it isn’t an environmentally-friendly metal—like it’s made out to be.

    By Mohit Oberoi, CFA
  • uploads///part
    Basic Materials

    Watch for the Effect of Commodity Prices on Alcoa, Arconic

    Alcoa (AA) is gearing up for its split, which is scheduled in the second half of 2016. After the split, the value-added company—which will be named Arconic—will produce precision components and other value-added products.

    By Mohit Oberoi, CFA
  • uploads///dollar exchange rate _
    Basic Materials

    Alunorte Shutdown: Norsk Hydro’s Pain Is Alcoa’s Gain

    Norsk Hydro (NHYDY) has announced a production halt at its Alunorte alumina refinery in Brazil.

    By Mohit Oberoi, CFA
  • uploads///China Economic Data
    Company & Industry Overviews

    Base Metals Hammered by Weak Chinese Data

    China is the top consumer of base metals, accounting for 45% of global demand, so economic releases from China have a large impact on base metal prices.

    By Val Kensington
  • uploads///business _
    Basic Materials

    Supply Uncertainty: Aluminum Takes the Baton from Copper

    In 2018, analysts expected disruptions in the copper supply. However, the copper supply has been resilient in 2018.

    By Mohit Oberoi, CFA
  • uploads///part  cenx
    Miscellaneous

    Can Century Aluminum Continue Its Rise?

    Century Aluminum (CENX) was among the best-performing aluminum stocks in 2016, with gains of 94%.

    By Mohit Oberoi, CFA
  • uploads///Aluminum prices
    Basic Materials

    Rio’s Aluminum Division Didn’t Bow to Commodity Price Pressures

    Rio Tinto’s (RIO) Aluminum division contributed 19% of its 1H16 underlying EBITDA (or earnings before interest, tax, depreciation, and amortization).

    By Anuradha Garg
  • uploads///share returns
    Macroeconomic Analysis

    How Alcoa Looked In 2014

    In this series, we’ll pay special attention to Alcoa’s 2014 performance and to how investors can play Alcoa and other aluminum companies in 2015.

    By Mohit Oberoi, CFA
  • uploads///last
    Earnings Report

    Are Century Aluminum’s Valuations Looking More Attractive?

    In this part, we’ll look at Century Aluminum’s valuation multiples after its 2Q15 earnings release.

    By Mohit Oberoi, CFA
  • uploads///value chain profit vary
    Company & Industry Overviews

    Why Profit Margins Vary across the Aluminum Value Chain

    The profit margins vary across the aluminum value chain. Upstream aluminum producers’ earnings depend on their position on the cost curve.

    By Mohit Oberoi, CFA
  • uploads///Aluminum realized prices
    Earnings Report

    Will Rio Tinto’s Quality Aluminum Assets Be Enough?

    The aluminum division contributed to 23% of Rio Tinto’s (RIO) 1H15 underlying EBITDA (or earnings before interest, tax, depreciation, and amortization).

    By Anuradha Garg
  • uploads///PART
    Earnings Report

    Arconic’s Tough Beginning: Controversies and Battles

    Arconic is scheduled to release its 1Q17 earnings on April 25. ARNC was listed as a separate entity on November 1, 2016, when Alcoa split into two entities.

    By Mohit Oberoi, CFA
  • Basic Materials

    Must-know: Playing the aluminum value chain

    Bauxite is the most abundant metal in the earth’s crust. Because of the many impurities in bauxite, it must be refined to produce alumina.

    By Mohit Oberoi, CFA
  • uploads///part  EPS guidance
    Miscellaneous

    Do Arconic’s Short-Term Challenges Outweigh Long-Term Drivers?

    The expected synergy from Alcoa’s acquisition of Firth Rixson could be a key driver of Arconic’s (ARNC) medium-term performance.

    By Mohit Oberoi, CFA
  • uploads///US Leveraged Loan Market Volumes
    Company & Industry Overviews

    Leveraged Loan Issuance Was Almost Stable Last Week

    The US leveraged loans market saw an allocation of $4.75 billion worth of dollar-denominated senior loans in the week to April 29.

    By Lynn Noah
  • uploads///Base Metals Weekly
    Company & Industry Overviews

    Base Metals Fell Last Week: FCX, AA, GLNCY, BHP

    In the week ended on January 9, all base metals on the London Metal Exchange (LME) declined. The LME 3M Lead was the biggest loser of base metals last week with a loss of 9.6%.

    By Val Kensington
  • uploads///snapshot
    Earnings Report

    Alcoa Beats Wall Street Expectations Again

    Aluminum premiums more than doubled in 2014, which benefited primary producers like Rio Tinto and BHP Billiton.

    By Mohit Oberoi, CFA
  • Basic Materials

    Why investors need to understand the cost curve

    Primary aluminum and alumina are commodity products. Producers don’t have much control over their pricing. The prices are decided by market dynamics.

    By Mohit Oberoi, CFA
  • uploads///part  capacity use
    Basic Materials

    Tariff Plan: Will the Desired Objective Be Achieved?

    We could see a spike in US steel and aluminum production this year. Tariffs could reduce imports to some extent.

    By Mohit Oberoi, CFA
  • uploads///Chart
    Macroeconomic Analysis

    SPY Heavily Weighed Down by the Energy and Materials Sectors

    All the component sectors except utilities in the SPDR S&P 500 ETF (SPY) fell in yesterday’s trade. The Energy Select Sector SPDR Fund (XLE) fell 2.5%.

    By Renee Blakely
  • uploads///part
    Company & Industry Overviews

    Why XME Is a Bet on the US Metals and Mining Industry

    The metals and mining sector has outperformed the Market (DIA) by a wide margin this year. In this series, we’ll do a structural and quantitative analysis of the SPDR S&P Metals and Mining ETF (XME).

    By Mohit Oberoi, CFA
  • uploads///last
    Miscellaneous

    Will Alcoa Suffer the Same Fate as US Steel Companies?

    If China doesn’t cut its aluminum smelting capacity meaningfully, aluminum might suffer the same fate as steel. US steel companies have been reeling under the impact of steel imports for quite some time.

    By Mohit Oberoi, CFA
  • Basic Materials

    A brief history of aluminum fabricator Constellium

    Constellium is engaged in the aluminum fabrication business. Fabricators give custom shape and size to primary aluminum.

    By Mohit Oberoi, CFA
  • uploads///part
    Earnings Report

    Alcoa Maintains 2017 Guidance, Ups Demand Forecast

    Alcoa (AA) expects to generate adjusted EBITDA between $2.1 billion and $2.3 billion in fiscal 2017. Alcoa assumed aluminum prices at $1,900 per metric ton.

    By Mohit Oberoi, CFA
  • uploads///post split structure
    Company & Industry Overviews

    Will Elliott Management Start Taking an Active Interest in Alcoa?

    Elliott Management plans to engage in a “constructive dialogue” with Alcoa’s board about Alcoa’s split transaction and “additional available opportunities to maximize shareholder value.”

    By Mohit Oberoi, CFA
  • uploads///part  aluminum premiums
    Company & Industry Overviews

    Is the Physical Aluminum Market Really Tightening?

    Weak sentiment in physical aluminum markets could be a reason behind the divergence between Alcoa (AA) and aluminum prices.

    By Mohit Oberoi, CFA
  • uploads///triple play auto
    Macroeconomic Analysis

    Alcoa’s Automotive Sales Could Be Hurt By Fall In Crude Oil Price

    Crude oil prices impacted Alcoa’s automotive sales. Under its transformation strategy, Alcoa (AA) is working to address the automotive companies’ lightweighting needs.

    By Mohit Oberoi, CFA
  • uploads///auto increase in use
    Macroeconomic Analysis

    Key Drivers Of Alcoa’s Midstream Operations In 2015

    Midstream operations, or global rolled products, produce aluminum sheets that are used in the packaging, automotive, and aerospace industries.

    By Mohit Oberoi, CFA
  • uploads///part
    Earnings Report

    What Do Aluminum Executives Think about the Industry Outlook?

    While aluminum demand is still rising, there are varying estimates about aluminum consumption.

    By Mohit Oberoi, CFA
  • uploads///Aluminum
    Basic Materials

    A Look at Rio Tinto’s Aluminum Production in 1H16

    Rio Tinto (RIO) and Alcan combined in 2007 to form Rio Tinto Alcan, a global leader in the aluminum industry.

    By Anuradha Garg
  • uploads///last
    Company & Industry Overviews

    Capacity Curtailments Could Help Increase Alcoa’s Cost Positioning

    Alcoa is working to reduce the unit production costs for its plants. If this is not possible, the company could idle these plants.

    By Mohit Oberoi, CFA
  • uploads///part  q call
    Earnings Report

    Markets Will Await These Updates from Alcoa’s 1Q17 Earnings Call

    In 1Q17, there were rumors that Rio Tinto (RIO) could acquire Alcoa.

    By Mohit Oberoi, CFA
  • uploads///money _
    Basic Materials

    Alumina Price Volatility Makes Companies Rethink Strategies

    Global aluminum markets have seen significant volatility this year. Aluminum prices topped the $2,500 per metric ton level in April.

    By Mohit Oberoi, CFA
  • uploads///part
    Basic Materials

    China’s Supply-Side Reforms Could Impact Aluminum in 2018

    Alcoa (AA) expects global aluminum demand to exceed supply in 2018 on China’s supply-side reforms.

    By Mohit Oberoi, CFA
  • uploads///dollar _
    Basic Materials

    Are Markets Overreacting to Alcoa’s Second-Quarter Earnings?

    Alcoa (AA) released its second-quarter earnings on July 18. The company reported revenues of $3.6 billion in the second quarter.

    By Mohit Oberoi, CFA
  • uploads///part  valuation
    Company & Industry Overviews

    How Does Alcoa’s Valuation Look Going into 2017?

    Currently, Alcoa is trading at 8.6x its forward EBITDA. This valuation multiple looks somewhat aggressive for a pure-play commodity producer.

    By Mohit Oberoi, CFA
    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.