Century Aluminum Co

Latest Century Aluminum Co News and Updates

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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
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    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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