|Bid||2.460 x 5191900|
|Ask||2.470 x 3754700|
|Day's range||2.400 - 2.480|
|52-week range||1.665 - 2.600|
|PE ratio (TTM)||72.50|
|Earnings date||22 Feb. 2018|
|Forward dividend & yield||0.08 (4.96%)|
|1y target est||2.02|
China is curtailing its polluting steel and aluminum capacity in a bid to address rising pollution levels. China exported 440,000 metric tons of unwrought aluminum last month—a YoY (year-over-year) increase of 12.8%. Last year, China’s aluminum exports rose 4.5%—compared to 2016.
In this article, we’ll see what the market would like to hear on Alcoa’s 4Q17 earnings call. For metal and mining companies (RIO)(AWC) like Century Aluminum (CENX) and South32 (S32), the macro environment—which includes metal and raw material prices—is equally if not more important than company-specific factors. Speaking of aluminum, we’ve seen that prices are sensitive to China’s demand-supply dynamics.
Alcoa’s (AA) 4Q17 earnings are expected on January 17. Notably, for mining companies, sales are a function of external shipments and commodity prices. Bauxite, alumina, and aluminum are the key commodities that Alcoa sells.
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.
DUBLIN--(BUSINESSWIRE)-- The "Alumina, Synthetic Corundum and Aluminum Hydroxide Market in China: Business Report 2017" report has been added to Research and Markets' offering. The report presents ...
London, United Kingdom, Mar 22, 2017 - (ABN Newswire) - With China's air pollution regulations coming into effect last week, there is much speculation about how production cuts will affect the global market, ...
London, United Kingdom, Feb 20, 2017 - (ABN Newswire) - CRU's World Aluminium Conference 2017 takes place on 3-5 May 2017, at the Marriot (NAS:MAR) London Grosvenor Square, London, UK. Now in its 22nd ...