Kaiser Aluminum Reports In-Line Q1 EPS
Kaiser Aluminum (NASDAQ:KALU) reported Q1 EPS of $0.66, in-line with the analyst estimate of $0.66. Revenue for the quarter came in at $949 million versus the consensus estimate of $861.59...
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Aluminum News & Analysis
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New Research Shows the Tariffs on Aluminum Have Cost the U.S. Beverage Industry $1.4 Billion
WASHINGTON, April 14, 2022 (GLOBE NEWSWIRE) -- Nearly four years since the Section 232 tariffs on aluminum took effect, the U.S. beverage industry alone has paid more than $1.4 billion in...
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Credit Suisse Cuts Alcoa to Neutral on Near-peak Aluminum Prices and Fair Valuation
Credit Suisse analyst Curt Woodworth downgraded Alcoa (NYSE:AA) to Neutral from Outperform with a price target of $82.00 per share, up from $67.00. Woodworth sees LME aluminum prices...
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Aluminum Makers Seek Old Cans, Shredded Cars to Fuel New Plants
Companies are investing in recycling scrap to meet rising demand for aluminum.
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Rio Tinto Gains as High Iron Ore, Aluminum Prices Drive Record Profit
By Dhirendra Tripathi Investing.com – ADRs of Rio Tinto (NYSE:RIO) traded 0.4% higher in premarket Wednesday as high iron ore prices and strong demand from its top consumer China led the...
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Aluminum Hovers Near 13-Year High as Trade Weighs Ukraine Crisis
(Bloomberg) -- Aluminum hovered near the strongest level since 2008 as traders assessed the impact of an easing of geopolitical tensions over Ukraine and the persistent pressure of soaring...
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Biden Returns to Tumult Over Agenda, Virginia Election Rebuke
(Bloomberg) -- President Joe Biden returned to the U.S. from summits in Europe with his economic agenda still stuck in Congress and his party’s political fortunes darkened by an electoral...
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Copper Rebounds as Global Energy Crisis Keeps Roiling the Market
(Bloomberg) -- Base metals were mixed, with copper paring a weekly slump, as the global energy crisis kept roiling the energy-intensive sector. Aluminum fell by the daily limit in Shanghai...
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ECB, China Hits Gaming Again, Commodities on Fire - What's Moving Markets
By Geoffrey Smith Investing.com -- The European Central Bank may announce it will reduce its bond-buying program, while Federal Reserve speakers hint that weak recent economic data aren't...
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Aluminum is Outperforming Copper as China Cracks Down on Prices
(Bloomberg) -- Aluminum has overtaken copper as the second-best performer on the London Metal Exchange this year as a tight global market helps to offset worries about China’s planned...
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Fed Risk Warning, Payrolls, Energy Transfer Windfall - What's Moving Markets
By Geoffrey Smith Investing.com -- The Federal Reserve starts to get nervous about high asset prices and leverage, nonfarm payrolls are expected to hit nearly 1 million in April, and strong...
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Comic: Commodities' Streak Ahead
By Geoffrey Smith Investing.com -- The rally in stock markets may be faltering, but it seems like nothing can stop the commodities juggernaut in 2021. Since the start of the year, crude oil...
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Copper Surges to 2011 High as Bulls Bet on Global Recovery
(Bloomberg) -- Copper’s stunning rally toward its highest level since 2011 is showing no signs of abating, with bulls swarming in to profit as stimulus measures, vaccine rollouts and climate...
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Powell in Congress, Lucid - SPAC Deal, Bitcoin Plunges - What's up in Markets
By Geoffrey Smith Investing.com -- Federal Reserve Chairman Jerome Powell starts two days of Congressional testimony as fears about inflation push 30-year bond yields to new highs. Lucid...
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Inflation Trades, Stimulus Vote, Boeing Mishap - What's up in Markets
By Geoffrey Smith Investing.com -- Prices for base metals touch 10-year highs as reflation bets weaken the dollar and long-dated bonds. Stocks are set to open lower as analysts rejig their...
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Tin Faces Historic Squeeze as Electronics Boom Erodes Stockpiles
(Bloomberg) -- The London tin market is facing the biggest supply squeeze in at least three decades as dwindling inventories, robust industrial demand and rising investor interest boost spot...
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StockBeat: The Craze for Silver, the Metal Formerly Known as 'Precious'
By Geoffrey Smith Investing.com -- Silver mining stocks were, inevitably, the standout winners in European markets on Monday morning after a slew of reports highlighting a surge in interest...
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Comic: Emerging Market Set to Ride Blue Wave of U.S. Stimulus Money
By Geoffrey Smith Investing.com -- For emerging markets, the new year has carried on much where the old one left off: a combination of loose global monetary policy and expectations of a...
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Gold Edges Higher After IMF Shaves World Growth Forecast
By Geoffrey Smith Investing.com -- Gold prices drifted fractionally higher on Monday as U.S. markets remained closed for the Martin Luther King holiday while European ones were content to...
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Aluminum Giant's CEO Sees Trade War's Lasting Impact on Use
(Bloomberg) -- The trade war between the U.S. and China that’s clouded the global growth outlook will have a lasting negative effect on aluminum demand, Norsk Hydro ASA (OTC:NHYDY)...
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Goldman Says Commodity Investors Fear Future in Age of Trump
(Bloomberg) -- Political uncertainty means there’s no time like the present when it comes to commodities trading, according to Goldman Sachs Group Inc (NYSE:GS). Traders are less...
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Turmoil Looms for Aluminum Again as Key Plant Shuts Down
(Bloomberg) -- The aluminum market risks being thrown back into turmoil after the world’s largest refinery of a key raw material shut down. Norsk Hydro ASA said it will temporarily...
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Aluminum Seen Facing ‘Doomsday’ If Rusal Sanctions Proceed
(Bloomberg) -- Aluminum faces a “doomsday scenario” if the U.S. proceeds with sanctions on United Co. Rusal in October, according to Wood Mackenzie Ltd., which says prices could...
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Most Metal ETPs Are Getting Killed Right Now. One Has Jumped 84%
(Bloomberg) -- The mayhem in industrial metals is creating waves across $1.4 billion of exchange-traded products tracking the sector. Their prices are whipsawing, investors are bailing, and...
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Copper, Gold Prices Hit 1-Year Lows amid Metals Selloff
Investing.com - Copper and gold prices fell to the lowest levels in a year on Thursday amid a wider selloff in metals fueled by the stronger dollar and building trade tensions. Copper...
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Metal Markets Are Preparing for a New World Disorder
(Bloomberg) -- Donald Trump’s attempts to re-balance global trade have already sent the metals world into a tizzy. As countries respond to U.S. tariffs and sanctions, the disarray is...
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Aluminum's Turmoil Hands a Lifeline to Embattled Noble Group
(Bloomberg) -- The U.S. sanctions against United Co. Rusal have caused havoc across the aluminum industry. But for one struggling commodity trader, they have proven a veritable...
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