Century Aluminum Co
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Trump Tariffs: Why Alcoa’s Fears Are Coming True
Last year, President Trump slapped a 10% tariff on US aluminum imports. Alcoa didn’t support the tariffs in the first place.
Alcoa’s Outlook Dampened by Aluminum’s Weak Fundamentals
Alcoa (AA) saw negative price action of 2.0% yesterday, and the stock is now down 8.0% for the month.
Why Analysts Expect Alcoa’s Earnings to Fall Sharply in Q1
Alcoa (AA) is scheduled to release its earnings results for the first quarter of 2019 on April 17 after the markets close.
Alcoa Could Be in for Another Challenge
Last year, Alcoa (AA) posted adjusted EBITDA of $3.1 billion, which was higher than what it posted in 2017.
Alcoa’s Outlook Looks Murky amid Conflicting Indicators
Alcoa (AA), the leading US-based aluminum producer, is having a somber year.
Did Trump Rub Wounds with His Tariff Tweet?
While US physical delivery premiums have risen, they haven’t been enough to offset the sharp fall in aluminum prices.
Alcoa’s Aluminum Exports Continue to Rise, Concerns Persist
After rising YoY for 14 consecutive months, China’s aluminum exports fell 7.8% YoY in February. The exports also fell 38% sequentially.
US Aluminum Production Woefully Short of Demand despite Tariffs
US aluminum production rose 21.0% last year.
A Year of Trump’s Metal Tariffs: A Look at the Gains and Losses
It’s been almost a year since Trump announced the Section 232 tariffs.
Analyzing Alcoa’s 2019 Outlook
On paper, aluminum’s fundamentals look strong. Aluminum markets were expected to be in a deficit of 1.5 million metric tons last year.
Should You Expect More Gains from Alcoa in 2019?
Alcoa (AA) has seen an upward price action of 13.5% in 2019 based on its closing prices on February 22.
Century Aluminum Posted a Loss despite Trump’s Tariffs
On February 21, Century Aluminum released its fourth-quarter earnings after the markets closed. The company posted an adjusted net loss.
No Respite for Alcoa, China Exported Record Aluminum
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.
Trump Administration Withdraws Sanctions on Russian Companies
Over the weekend, the Department of the Treasury withdrew sanctions against some Russian companies (RSX) (EEM) including RUSAL.
Alcoa: Strong Q4 Numbers Can’t Hide Its Weakness
Alcoa (AA) released its fourth-quarter earnings on January 16 after the markets closed. The company reported revenues of $3.3 billion.
China Might Want to Thank Trump for Record Aluminum Exports
Chinese steel exports have fallen on a YoY basis for three years, and last year’s exports were roughly 38% lower than 2015 highs.
Alcoa Stock: Analysts Might Be a Little Too Optimistic
Alcoa has received a mean consensus target price of $49.93 from the analysts polled by Thomson Reuters.
Alcoa: 2019 Might Be the Real Test
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: Could There Be a Surprise in Its Q4 Earnings?
Alcoa (AA) is scheduled to release its fourth-quarter earnings on January 16 after the markets close.
Should Alcoa Be on Your Shopping List for 2019?
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.
Would Alcoa Have Been Better Off without the Section 232 Tariffs?
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.
Why Trump’s Policies Wreaked Havoc on Aluminum Markets
While President Trump’s actions have affected financial markets (SPY), aluminum deserves a special mention.
Alcoa Falls to Fresh Lows: What’s to Blame?
Yesterday, the United States lifted sanctions on RUSAL, the leading Russian aluminum producer.
Chinese Aluminum Exports Swell despite Trump’s Tariffs
In March, President Trump slapped tariffs on US steel and aluminum imports.
Is There a Buying Opportunity in Alcoa?
Alcoa (AA), the leading US-based aluminum producer, fell 9.0% in November. Alcoa has fallen 41% in 2018.
Analyzing How Alcoa Was Impacted by the Section 232 Tariffs
Alcoa (AA) is trading near its 52-week lows. Century Aluminum’s (CENX) price action hasn’t been any better in 2018.
Aluminum: A Classic Case in Trump’s Trade Rhetoric
Since the tariffs, although there has been a plant restart by Century Aluminum, the US is still importing most of its aluminum requirements.
What Really Changed for Alcoa after Trump’s Tariffs?
The US-China trade war and the general slowdown in China’s aluminum demand have taken a toll on aluminum prices.
Did China’s Slowdown Cause Alcoa’s Woes?
China’s aluminum exports, which are blamed for depressing aluminum prices, have increased this year amid the domestic demand slowdown.
US Aluminum Producers Have Fallen despite Trump’s Tariffs
Alcoa and Century Aluminum have lost 34.7% and 55.8%, respectively, year-to-date based on the closing prices on November 14.
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.
Bears in for a Tough Ride after Alcoa’s Third-Quarter Earnings
Alcoa’s third-quarter earnings were better-than-expected and the stock was trading higher in after-market trading yesterday.
Alcoa: Key Updates Markets Might Watch
During the second-quarter earnings release, Alcoa lowered its 2018 adjusted EBITDA guidance to $3.0 billion–$3.2 billion.
Alcoa’s Third-Quarter Earnings: Analysts’ Expectations
Analysts polled by Thomson Reuters expect Alcoa to post revenues of $3.31 billion in the third quarter.
Can Alcoa’s Q3 Earnings Improve Its Dismal Stock Performance?
Alcoa, the leading US-based aluminum producer, is scheduled to release its third-quarter earnings on October 17 after the markets close.
Alcoa: What Can Investors Expect?
While there are some bearish drivers for Alcoa, its valuation at 3.3x the 2019 expected EBITDA of $2.9 billion looks tempting.
Why Bears Love Alcoa Stock
The US-China trade war scare has weaned investors away from metals (XME). China’s economic data have likely added to the pessimism.
Alcoa: Should You Be Bottom Fishing?
Alcoa (AA), the leading US-based aluminum producer (DIA), is having a terrible year. The company has lost 33.8% year-to-date.
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.
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.
Could Alcoa Miss Out on Earnings Windfall Next Year?
Alcoa’s (AA) 2018 earnings have been supported by higher alumina prices.
How a Slowing Chinese Economy Mars Alcoa’s Outlook
China is the world’s largest aluminum producer (RIO), consumer, and exporter.
Why Analysts Are Still Bullish on Alcoa Stock
Alcoa (AA) carries a mean consensus price target of $58.3, which represents a 42.7% upside over its October 1 closing prices.
No Respite for Alcoa as Stock Nears 52-Week Lows
Alcoa (AA) is having a dismal run this year.
Why It’s Tough to Hate Alcoa at These Prices
Alcoa has an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) of 3.47x its 2018 consensus EBITDA and 3.84x its 2019 expected EBITDA.
What’s Holding Back Alcoa Stock This Year?
Alcoa (AA), the leading US-based aluminum producer, is having a terrible year.
Alcoa Stock: Can the Uptrend Continue?
Alcoa (AA) has seen upward price action in August. The stock has risen 4.3% in August, while it’s still down 16.2% YTD (year-to-date).
Alcoa Could Benefit If Canada Is Exempt from the Tariffs
The Trump Administration might move forward on the Section 232 exemptions for Canada and Mexico, which would likely impact Alcoa in several ways.
What Are the Impediments to Trump’s ‘Made in the U.S.A.’ Promise?
Although the tax bill is an enabler of US companies’ capex plans, not many companies would be willing to invest in an environment of uncertainty.
US-China Trade War: Lessons from Section 232 Tariffs
Earlier this year, President Trump imposed 10% tariffs on aluminum imports and 25% tariffs on steel imports.
US Aluminum Producers Still at China’s Mercy despite Tariffs
Aluminum producers like Alcoa (AA), Century Aluminum (CENX), and Norsk Hydro (NHYDY) see Chinese aluminum overcapacity as a major challenge.
Alcoa: Analyzing the Selling Spree
Alcoa (AA) saw a selling spree after its second-quarter earnings were released. Lower metal prices (RIO) drove Alcoa’s 2018 guidance cut.
Can Alcoa Recover from Its Recent Slump?
Alcoa released its second-quarter earnings on July 18 after the markets closed. The company lowered its 2018 EBITDA guidance by almost $500 million.
Should Investors Be Concerned with Alcoa’s Updated 2018 Guidance?
Alcoa (AA) lowered its 2018 adjusted EBITDA guidance to $3.0 billion to $3.2 billion from the previous guidance of $3.5 billion to $3.7 billion.
Alcoa’s Second-Quarter Earnings: What You Need to Know
Alcoa reported revenues of $3.6 billion in the quarter as compared to $3.1 billion in Q1 2018 and $2.9 billion in Q2 2017.
Alcoa’s Q2 2018 Earnings: The Good, the Bad, and the Ugly
Alcoa was down in the after-hours trading session yesterday after its second-quarter earnings release.
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.
Are China’s Aluminum Exports Impacting Alcoa?
Alcoa (AA), the leading US-based aluminum producer (XME), is having a hard year. Based on the closing prices on July 13, the stock has lost 12.3%.
How Wall Street Views Alcoa before Its Second-Quarter Earnings
In this article, we’ll see how analysts are rating the stock ahead of its second-quarter earnings.
What Are Analysts Projecting for Alcoa’s Q2 2018 Earnings?
In this article, we’ll see what analysts are projecting for the company’s second-quarter earnings.
Alcoa’s Second-Quarter Earnings: What’s the Word on Wall Street?
Leading US-based aluminum producer Alcoa (AA) is expected to release its second-quarter earnings on July 18.
A Look at Alcoa’s Valuations
Alcoa (AA) stock trades at a 2018 EV-to-EBITDA multiple of ~3.5x. Its 2019 EV-to-EBITDA multiple stands at ~4.0x.
Alcoa or Century Aluminum: Which Stock Do Analysts Prefer?
Century Aluminum (CENX) received “buy” ratings from two analysts polled by Thomson Reuters, and three analysts rated the stock as a “hold” or some equivalent.
How US Aluminum Markets Have Changed after Section 232 Tariffs
In this series, we’ll see how the US aluminum markets have changed since the Trump administration’s implementation of its Section 232 tariffs.
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.
Metal Stocks Brace for Tough Times as Trade War Intensifies
Equity markets closed deep in the red yesterday. Looking at the broader-market ETFs, we see that the SPDR S&P 500 ETF (SPY) lost 1.36%, shrinking its year-to-date (or YTD) losses to 2.4%.
US Stocks Catch a Cold as Trump Takes on China
Last week, President Trump imposed tariffs on $50 billion worth of goods from China.
Should Century Aluminum Bears Brace for Hard Times?
US physical aluminum premiums have been steady after rising sharply earlier in the year.
Does Century Aluminum’s Risk-Reward Proposition Look Attractive?
Alcoa (AA) and Century Aluminum (CENX) are trading with double-digit year-to-date losses despite the Section 232 tariffs President Trump imposed.
Why Did China’s Aluminum Exports Rise in May?
China exported 485,000 metric tons of unwrought aluminum in May—compared to 460,000 metric tons in May 2017.
President Trump’s Tariffs: So Far So Good
US steel and aluminum producers are enjoying higher margins on the back of Trump’s tariffs. Some have restarted or opened new plants.
Could ‘America First’ Become ‘America Versus the Rest’?
The United States may become isolated on the global stage amid trade tensions with several countries.
Alcoa Bears: Ignore the Risks at Your Own Peril
In this article, we’ll take a look at some of the challenges Alcoa faces.
What Could Work in Alcoa’s Favor This Year?
In this article, we’ll look at some of Alcoa’s (AA) bullish drivers after its rather dismal run this year.
5 Reasons to Love Alcoa Stock…and 3 Not To
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.
Steel and Aluminum Tariffs Could Test President Trump’s Mettle
President Trump imposed tariffs on US steel and aluminum imports in March.
How Aluminum Producers’ Earnings Look in Light of Tariffs
Century Aluminum (CENX) posted its 1Q18 earnings after the market closed on May 3.
President Trump Is the New Wild Card for the Aluminum Industry
The global aluminum industry has witnessed increased uncertainty this year. Over the last few years, China has been the wild card.
What Frequent Policy Flip-Flops Mean for US Companies
Policy flip-flops As noted in the previous article, we’ve seen several policy changes this year, especially in the steel and aluminum space. Earlier this year, the United States imposed steep tariffs on steel and aluminum imports. We saw a sharp rally in US steel prices and physical aluminum premiums after the tariffs were imposed. US steel […]
Analyzing Alcoa’s 1Q18 Earnings
Alcoa (AA) released its 1Q18 earnings on April 18, 2018, after the markets closed. The company reported revenues of $3.09 billion in 1Q18.
How Wall Street Rates Alcoa ahead of Its 1Q18 Earnings Release
Alcoa has received a “strong buy” rating from three analysts, while seven analysts have a “buy” rating on the stock.
What Updates Can Investors Expect from Alcoa’s Earnings Release?
The macro environment has been quite volatile for aluminum.
What Could Drive Alcoa’s 1Q18 Financial Performance?
Bauxite, alumina, and aluminum are the three key commodities that Alcoa sells.
What Wall Street Expects from Alcoa’s 1Q18 Earnings
In this series, we’ll see what analysts are projecting for Alcoa’s 1Q18 earnings.
Can China Step In after US Sanctions on Russia?
President Trump has imposed sanctions on some Russian entities, including RUSAL.
Tariff Tantrum: Risk Is Back on Investors’ Mind
In 2018, we could see risk take center stage. Due to increased uncertainty in markets, equity investors would expect a higher return on their investments.
Alcoa: Is It Time to Be Greedy as Markets Get Fearful?
Previously in this series, we looked at recent trends in aluminum prices. In this article, we’ll see how markets are valuing US aluminum producers after last week’s sell-off.
Analyzing Aluminum’s Outlook amid Trade War Fears
As we noted previously in this series, aluminum prices have seen downward pressure this year. Lower aluminum prices are negative for aluminum producers like Rio Tinto (RIO) and Norsk Hydro (NHYDY).
Will Alcoa Be Better or Worse Off after the Section 232 Tariffs?
As we noted previously in this series, aluminum prices have seen downward pressure this year. Among other factors, fear of a trade war seems to be playing heavily on aluminum prices.
How the Section 232 Tariffs Could Impact US Aluminum Producers
Last week, President Trump temporarily exempted some countries from the Section 232 tariffs. According to the Commerce Department, the United States imported ~6 million metric tons of aluminum in 2016.
Did Alcoa and CENX Overreact to Section 232 Exemptions?
As we noted previously in this serieds, both Alcoa (AA) and Century Aluminum (CENX) have now turned negative for the year.
Is the Sell-Off in US Aluminum Producers Justified?
We saw a sharp sell-off in the equity markets last week. The key driver has been the risk of a trade war.
Could Alcoa Gain from the Section 232 Tariffs?
Alcoa is at a higher risk from lower global aluminum prices. Alcoa’s operations outside the US could be impacted negatively by lower aluminum prices.
Wall Street Turns Bullish on Century Aluminum
On March 12, BMO upgraded Century Aluminum from “market perform” to “outperform.” The brokerage also raised the target price from $20 to $28.
Analyzing US Aluminum Markets after Section 232 Tariffs
According to Century Aluminum, which announced the restart of its Hawesville smelter, the US is ~5 million metric tons short of aluminum.
Did the Tariffs Dent Aluminum Market Sentiments?
The Section 232 findings were released on February 16. Between February 19 and March 16, LME aluminum has fallen ~$200 per metric ton.
US Aluminum Producers after Section 232 Tariffs
President Trump has imposed a tariff of 10% on aluminum imports—based on the Department of Commerce’s Section 232 investigation.
Could President Trump’s Tariffs End Up Doing More Harm Than Good?
President Trump has imposed a global tariff on steel and aluminum imports to support US steel and aluminum producers.
Alcoa Isn’t Enthusiastic about President Trump’s Tariffs
While Century Aluminum (CENX) has welcomed President Trump’s tariffs, Alcoa’s (AA) response has been measured.
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.