Alumina Limited

US aluminum production rose 21.0% last year.

On paper, aluminum’s fundamentals look strong. Aluminum markets were expected to be in a deficit of 1.5 million metric tons last year.

Although some analysts have lowered Alcoa’s target price, the consensus estimates still suggest a strong upside for the stock.

While China’s steel exports have been in a downtrend after hitting a record high in 2015, the country’s aluminum exports have continued to rise.

Alcoa (AA) released its fourth-quarter earnings on January 16 after the markets closed. The company reported revenues of $3.3 billion.

Alcoa is expected to post revenues of $3.35 billion in the fourth quarter. The company posted revenues of $3.39 billion in the third quarter.

Alcoa (AA) is scheduled to release its fourth-quarter earnings on January 16 after the markets close.

As we noted previously in this series, Alcoa (AA) and other aluminum producers—including Century Aluminum (CENX)—are having a terrible year as aluminum prices have plunged.

hile Century Aluminum (CENX) responded positively to the move and announced a smelter restart a few days after the tariffs, Alcoa’s (AA) response was measured from the very beginning.

Yesterday, the United States lifted sanctions on RUSAL, the leading Russian aluminum producer.

Alcoa (AA), the leading US-based aluminum producer, fell 9.0% in November. Alcoa has fallen 41% in 2018.

The US-China trade war and the general slowdown in China’s aluminum demand have taken a toll on aluminum prices.

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

In this article, we’ll take a look at how analysts are rating different aluminum producers.

Alcoa (AA), the leading US-based integrated aluminum producer, has lost 8.9% so far in 2018 based on February 2 closing prices.

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

According to Alcoa, global aluminum demand growth was more than 5% YoY in 2017. It expects global aluminum demand to grow 4.25%–5.25% in 2018.

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.

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.

While Alcoa’s 4Q17 earnings rose sharply as compared to previous quarters, the quarterly results fell short of expectations.

In this article, we’ll see what analysts are projecting for Alcoa’s (AA) 4Q17 adjusted EBITDA (earnings before interest, tax, depreciation, and amortization).

One of the factors that boosted industrial metal prices in 2017 was better-than-expected demand from China. Its construction sector was strong in 1H17.

After its split, Alcoa (AA) became a pure-play aluminum producer (S32) (CENX). Like other aluminum producers, Alcoa’s fortunes are tied to metal prices.

Last month, China exported 380,000 metric tons of unwrought aluminum, which is similar to the corresponding month in 2016.

Aluminum was among the best-performing base metals in 1H17. It outperformed several other industrial metals including copper.