Century Aluminum Co

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    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
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    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
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    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
  • 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
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    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
  • 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
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    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
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    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
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    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
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    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
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    Materials

    Must-know: Alcoa is placed better than other aluminum companies

    The aluminum process starts by extracting bauxite from the Earth’s crust. The bauxite is refined into alumina. Alumina is a key raw material—along with carbon and electricity.

    By Mohit Oberoi, CFA
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
  • 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
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    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
  • 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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
  • 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
  • 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
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    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
  • 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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    Materials

    Analysts’ Recommendations on Alcoa before 2018

    Three analysts rated Alcoa stock as a “strong buy,” seven analysts rated it as a “buy,” and four analysts rated it as a “hold” or some equivalent.

    By Mohit Oberoi, CFA
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    Macroeconomic Analysis

    Why the Fed’s Rate Hike Could Impact Aluminum Prices

    The unwinding of aluminum financing deals could have a negative impact on aluminum prices. Earnings of aluminum producers such as Alcoa (AA) are sensitive to aluminum prices.

    By Mohit Oberoi, CFA
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    Earnings Report

    Alcoa’s 1Q17 Earnings: What Investors Need to Know

    Alcoa (AA) released its 1Q17 earnings on April 24 after the markets (MDY) (MID-INDEX) closed. It held the conference call the same day.

    By Mohit Oberoi, CFA
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    Company & Industry Overviews

    Is a Rising Chinese Aluminum Supply a Risk for Alcoa Investors?

    During their 2Q16 earnings calls, Century Aluminum (CENX) and Norsk Hydro (NHYDY) expressed concern over higher Chinese supply in the second half of the year.

    By Mohit Oberoi, CFA
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    Materials

    Will Aluminum Warehouse Queues Ever Come Down?

    If aluminum premiums come down, the revenues of primary producers will be impacted negatively.

    By Mohit Oberoi, CFA
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    Materials

    Must-know: 3 risks that aluminum company investors face

    Litigations can be a big blow for aluminum producers. Litigations are expected to decrease aluminum prices and premiums. This will be negative for aluminum companies like Alcoa Inc. (AA), Century Aluminum (CENX), Kaiser Aluminum Corp. (KALU), and Constellium (CSTM).

    By Mohit Oberoi, CFA
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    Earnings Report

    A Look at Alcoa’s Technical Indicators before Its 3Q16 Release

    Alcoa’s technical indicators To make market entry and exit decisions, traders and investors analyze technical indicators. Resistance and support levels are among the most commonly used technical indicators. Resistance level Support levels typically act as a floor for stock prices. As a stock approaches its support levels, more buyers emerge while selling pressure generally subsides. […]

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

    What’s Next for China’s Aluminum Exports after a 35% Surge?

    China’s aluminum exports have been on an uptrend, increasing 35% year-over-year in the first five months of the current year.

    By Mohit Oberoi, CFA
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    Materials

    Why Rio’s aluminum operations are moving to the lower quartile

    Rio Tinto (RIO) and Alcan combined in 2007. They formed Rio Tinto Alcan. It’s a global leader in the aluminum industry. Aluminum is a light, strong, flexible, non-corrosive, and recyclable metal.

    By Anuradha Garg
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    Company & Industry Overviews

    Should Alcoa Bears Like Their Chances in 2017?

    Higher Chinese aluminum production could spoil the party that companies such as Alcoa and Century Aluminum (CENX) are currently enjoying.

    By Mohit Oberoi, CFA
  • Materials

    Why Alcoa is positioned well to serve the automotive industry

    Alcoa is working to expand its capacity in Tennessee. It’s a $275 million investment. Alcoa expects that the facility will be operational by mid-2015.

    By Mohit Oberoi, CFA
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    Company & Industry Overviews

    After Steel, Will Aluminum Be on President Trump’s Radar?

    Protecting US manufacturing from the onslaught of imports was among the key topics of President Trump’s election campaign.

    By Mohit Oberoi, CFA
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    Materials

    What Challenges Could Alcoa’s Post-Split Upstream Business Face?

    After the split, the new Alcoa (AA) will house the business units that are currently under the Primary Metals and Alumina segments. We’ll look at the challenges that Alcoa could face once it is listed as a separate company.

    By Mohit Oberoi, CFA
  • Materials

    Why upstream profits increased with rising aluminum prices

    Alumina producers price their products at a percentage of aluminum prices. Alumina prices depend on prevailing aluminum prices on the LME.

    By Mohit Oberoi, CFA
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    Miscellaneous

    Is the Timing Correct for Alcoa’s Split?

    Previously in this series, we’ve seen the key concerns of Alcoa’s (AA) split into two companies. The question around the split is not “why split?” but rather “why now?”

    By Mohit Oberoi, CFA
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    Company & Industry Overviews

    How Will Alcoa’s Downstream Business Play Out?

    Alcoa has been strengthening its downstream business by making multiple acquisitions to grow its value added business. Earlier this year, Alcoa announced the acquisition of RTI Metals (RTI).

    By Mohit Oberoi, CFA
  • Materials

    How Aluminum Became The Preferred Metal For Investors

    Last year, aluminum was the most actively traded metal on the London Metal Exchange (or LME). This was due to financing deals in aluminum.

    By Mohit Oberoi, CFA
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    Materials

    Why Aluminum Is An Important Metal For Investors

    Investors like aluminum. They can play the aluminum industry by trading aluminum on commodity exchanges. Investors can also investment in aluminum plays.

    By Mohit Oberoi, CFA
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    Materials

    Dynamics Of Major Regions That Produce Aluminum

    The Gulf Cooperation Council (or GCC) accounts for ~8% of global aluminum production. The GCC is an economic alliance. It includes six countries in the Middle East.

    By Mohit Oberoi, CFA
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    Materials

    What Investors Need to Know About Aluminum Warrants

    Analysts expect that most of the metal has been moving away from LME registered warehouses to non-LME registered warehouses, which typically charge less rent than registered warehouses.

    By Mohit Oberoi, CFA
  • Materials

    Why Falling Premiums Could Harm Aluminum Producers

    With inventories coming out of the warehouses, the artificial shortage of aluminum should come down. This can have a negative impact on aluminum premiums.

    By Mohit Oberoi, CFA
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    Materials

    Outlook 2015: Alcoa Set To Benefit

    Aluminum premiums impact the profitability of aluminum plays depending on where each sits in the aluminum value chain. Alcoa is a primary producer.

    By Mohit Oberoi, CFA
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    Materials

    Vehicle lightweighting could be an opportunity for steel plays

    Vehicle lightweighting is definitely the theme in the automobile industry. Automobile companies can either move to aluminum or use more high-strength steel products.

    By Mohit Oberoi, CFA
  • Materials

    Why investors should understand Alcoa’s business model

    Alcoa is an integrated player in the aluminum value chain. This means its operations extend from bauxite refining to aluminum fabrication.

    By Mohit Oberoi, CFA
  • Materials

    Why Alcoa is transforming from a pure-play aluminum company

    Alcoa (AA) is the largest aluminum company in the US. It’s among the top three aluminum producers globally. The company was founded in 1888.

    By Mohit Oberoi, CFA
  • Materials

    Why Century Aluminum is the most expensive aluminum play

    Century Aluminum has the highest price-to-earnings ratio compared to its industry peers.

    By Mohit Oberoi, CFA
  • Materials

    Strong 3Q earnings push Century Aluminum to 52-week high

    Century Aluminum reported an adjusted earnings per share of $0.52 in the third quarter, a 135% increase over its 2Q EPS of $0.22.

    By Mohit Oberoi, CFA
  • Materials

    Key facts about Century Aluminum’s Mt. Holly acquisition

    If the current profitability of the Mt. Holly plant remains steady, Century’s acquisition of the plant can add another $44 million to its 2015 EBITDA.

    By Mohit Oberoi, CFA
  • Materials

    Key aspects of Century’s Mt. Holly transaction

    The Mt. Holly plant added $11 million in earnings before interest, taxes, depreciation, and amortization to Alcoa’s 3Q earnings.

    By Mohit Oberoi, CFA
  • Materials

    Why Alcoa’s cost-cutting strategy is fix it, sell it, or close it

    Along with closing plants with high unit production costs, Alcoa is in the process of exiting its plants in Jamaica and Suriname. These plants represent Alcoa’s high-cost operations.

    By Mohit Oberoi, CFA
  • Materials

    Must-know: Why aluminum has become a hot investment

    Aluminum has become a favorite for investors who want to diversify their portfolios. After the global recession, it’s emerged as a hard asset.

    By Mohit Oberoi, CFA
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    Materials

    Overview: An investor’s guide to the aluminum industry

    Aluminum is the most abundant metal found in the earth’s crust. It’s soft, lightweight, and durable in nature. Its low density and resistance to corrosion make it a very important metal that a lot of industries use.

    By Mohit Oberoi, CFA
  • Materials

    Must-know: Emerging trends in China’s aluminum market

    Contrary to global expectations, China has increased its smelting capacities in the past decade. There are plenty of reasons behind this move.

    By Mohit Oberoi, CFA
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    Materials

    Must-know: Understanding aluminum’s value chain

    The aluminum industry has a value chain that consists of both upstream and downstream companies. Upstream companies are engaged in the mining and refining operations.

    By Mohit Oberoi, CFA
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    Materials

    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.

    By Mohit Oberoi, CFA
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    Materials

    Steel and Aluminum Tariffs Could Test President Trump’s Mettle

    President Trump imposed tariffs on US steel and aluminum imports in March.

    By Mohit Oberoi, CFA
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    Materials

    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.

    By Mohit Oberoi, CFA
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    Materials

    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.

    By Mohit Oberoi, CFA
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    Materials

    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.

    By Mohit Oberoi, CFA
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    Materials

    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.

    By Mohit Oberoi, CFA
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