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| 24hGold - Yahoo |
| China’s Time Bomb Interpreting a Nation’s Aluminum Stockpile |
| Heads-Up, Aluminum: Reading the Key January Indicators(Continued from Prior Part) Aluminum stockpiling in China
Previously in this series, we talked about aluminum has been moving away from official LME (London Metals Exchange) warehouses to non-LME registered warehouses. We don’t have official data on how much aluminum is currently stored in such non-LME locations, but we do have estimates that put the unofficial stocks at a much higher level than the official LME aluminum inventories. AccordiMonday, February 1, 2016 |
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| 24hGold - Yahoo |
| Commodity Prices to Affect Alcoa’s Upstream Performance in 2016 |
| Alcoa’s 2016 Outlook: What’s Driving the Recent Downfall?(Continued from Prior Part) Alcoa’s upstream performance
As we previously discussed, Alcoa (AA) will be split into two companies later this year. So, it’s prudent that we look at the two companies separately while analyzing Alcoa’s outlook. In this part of the series, we’ll be looking at the different factors that could drive Alcoa’s upstream business in 2016.
Key drivers
There are three key factors that appear likely to drive the 2016Tuesday, January 26, 2016 |
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| 24hGold - Yahoo |
| Commodity Prices to Affect Alcoa’s Upstream Performance in 2016 |
| Alcoa’s 2016 Outlook: What’s Driving the Recent Downfall?(Continued from Prior Part) Alcoa’s upstream performance
As we previously discussed, Alcoa (AA) will be split into two companies later this year. So, it’s prudent that we look at the two companies separately while analyzing Alcoa’s outlook. In this part of the series, we’ll be looking at the different factors that could drive Alcoa’s upstream business in 2016.
Key drivers
There are three key factors that appear likely to drive the 2016Tuesday, January 26, 2016 |
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| 24hGold - Yahoo |
| Commodity Prices to Affect Alcoa’s Upstream Performance in 2016 |
| Alcoa’s 2016 Outlook: What’s Driving the Recent Downfall?(Continued from Prior Part) Alcoa’s upstream performance
As we previously discussed, Alcoa (AA) will be split into two companies later this year. So, it’s prudent that we look at the two companies separately while analyzing Alcoa’s outlook. In this part of the series, we’ll be looking at the different factors that could drive Alcoa’s upstream business in 2016.
Key drivers
There are three key factors that appear likely to drive the 2016Tuesday, January 26, 2016 |
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| 24hGold - Yahoo |
| Alcoa Escapes 52-Week Lows, But Is It out of the Woods |
| Heads-Up, Aluminum: Reading the Key January Indicators Alcoa escapes 52-week lows, but still down 30% YTD
On January 22, Alcoa closed at $6.87, losing 3.1% from its previous day’s closing. Although Alcoa has recovered almost 12% from its 52-week lows, which it hit earlier this month, the stock is still down 30% YTD (year-to-date). The January performance has only added to Alcoa’s (AA) woes after a disappointing 2015 performance. To be sure, Alcoa lost 35% of its market capitalization last year Monday, January 25, 2016 |
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| 24hGold - Yahoo |
| Can Weak Alumina Prices Fare Better This Year |
| Alcoa’s 2016 Outlook: What’s Driving the Recent Downfall?(Continued from Prior Part) Alumina prices
Alumina is a key input in aluminum’s production process. It can take almost two pounds of alumina to produce one pound of aluminum. Alumina doesn’t have a very liquid market, and that makes pricing it difficult. Aluminum, on the other hand, is the most widely traded metal on the London Metal Exchange (or LME). As a result, most alumina producers used to price alumina at a percentage of aluminum pTuesday, January 19, 2016 |
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| 24hGold - Yahoo |
| Will Other Aluminum Producers Follow Alcoa and Cut Capacity |
| Alcoa’s 2016 Outlook: What’s Driving the Recent Downfall?(Continued from Prior Part) Capacity curtailments
Aluminum producers have been feeling the pain from falling metal prices for quite some time now. However, we’ve not seen big production curtailments from aluminum producers. Only US (DIA) smelters owned by Alcoa (AA) and Century Aluminum (CENX) led the market with production curtailments. We haven’t seen capacity cuts from other major aluminum producers including RUSAL, Rio Tinto (RIO), anMonday, January 18, 2016 |
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| 24hGold - Yahoo |
| Falling Aluminum, Alumina Prices Could Dent Alcoa’s 4Q15 Earnings |
| Falling Aluminum Prices May Put a Damper on Alcoa's 4Q15 Earnings(Continued from Prior Part) Alcoa’s 4Q15 earnings
We’ve seen that aluminum prices are hovering around the $1,500 per metric ton level. Alcoa’s (AA) Primary Metals Segment, which produces primary aluminum, is impacted by the movement in aluminum prices. The segment sells aluminum with a 15-day lag to LME (London Metals Exchange) aluminum prices.
Spot aluminum prices have averaged $1,507 per metric ton between September 15 and DecemMonday, December 28, 2015 |
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| 24hGold - Yahoo |
| Falling Aluminum, Alumina Prices Could Dent Alcoa’s 4Q15 Earnings |
| Falling Aluminum Prices May Put a Damper on Alcoa's 4Q15 Earnings(Continued from Prior Part) Alcoa’s 4Q15 earnings
We’ve seen that aluminum prices are hovering around the $1,500 per metric ton level. Alcoa’s (AA) Primary Metals Segment, which produces primary aluminum, is impacted by the movement in aluminum prices. The segment sells aluminum with a 15-day lag to LME (London Metals Exchange) aluminum prices.
Spot aluminum prices have averaged $1,507 per metric ton between September 15 and DecemMonday, December 28, 2015 |
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| 24hGold - Yahoo |
| LME Aluminum Inventories Rise, Canceled Warrants Fall |
| Falling Aluminum Prices May Put a Damper on Alcoa's 4Q15 Earnings(Continued from Prior Part) LME aluminum inventory
Aluminum inventories in LME (London Metals Exchange) registered warehouses stood at 2.9 million tons on December 22, 2015. LME aluminum inventories peaked at ~5.5 million tons in mid-2013 and have been falling since then. On a year-to-date basis, LME aluminum inventories have fallen more than 30%.
Canceled warrants
However, LME aluminum inventories have risen slightly in DecembThursday, December 24, 2015 |
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| 24hGold - Yahoo |
| Aluminum Holds at $1,500 as Industrial Metals Show Strength |
| Falling Aluminum Prices May Put a Damper on Alcoa's 4Q15 Earnings(Continued from Prior Part) Aluminum
Aluminum has been trading in a narrow price channel of $1460–$1530 in December 2015. However, the good news is that LME’s (London Metals Exchange) three-month aluminum contract has now closed above the $1,500 per metric ton level for three consecutive days.
There has been upward movement in most commodities over the last week, and most industrial metals saw upward price movement. Copper is fliWednesday, December 23, 2015 |
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| 24hGold - Yahoo |
| Falling Alumina Prices: Alcoa’s Pain, Century Aluminum’s Gain |
| Falling Aluminum Prices May Put a Damper on Alcoa's 4Q15 Earnings(Continued from Prior Part) Alcoa’s 4Q15 earnings
We’ve seen that aluminum prices are hovering around the $1,500 per metric ton level. Alcoa’s (AA) Primary Metals Segment, which produces primary aluminum, is impacted by the movement in aluminum prices. The segment sells aluminum with a 15-day lag to LME (London Metals Exchange) aluminum prices.
Spot aluminum prices have averaged $1,507 per metric ton between September 15 and DecemMonday, December 21, 2015 |
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| 24hGold - Yahoo |
| Why Are Alumina Prices a Key Driver for Aluminum Companies |
| What Makes Century Aluminum Keep Sebree Smelter Running?(Continued from Prior Part) Alumina prices
Alumina prices impact different aluminum companies. First, let’s look at aluminum’s value chain. It begins with mining bauxite, one of the most abundant metals in the earth’s crust. Because of bauxite’s many impurities, it must be refined to produce alumina. Alumina is then processed to produce raw aluminum. Companies like Rio Tinto (RIO), Norsk Hydro (NHYDY), and Alcoa (AA) have alumina refining Monday, December 21, 2015 |
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| 24hGold - Yahoo |
| 12:01 pm Ferrellgas Partners acquires Gasco Energy Supply; transaction is expected to be immediately accretive |
| 5:20 pm This week's biggest % gainers/losers (SCANX) : The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).This week's top 20 % gainersHealthcare:
SEDG (26.95 +35.43%),
AKBA (12.35 +26.67%),
GLBL (5.6 +24.72%),
ADXS (11.92 +24.43%)Materials:
PTCT (32.5 +20.82%)Consumer Discretionary:
RSO (13.72 +26.8%),
KERX (5.38 +25.12%),
PCRX (76.15 +22.72%)InFriday, December 18, 2015 |
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| 24hGold - Yahoo |
| The Sebree Smelter, Aluminum Premiums, and Production Cuts |
| What Makes Century Aluminum Keep Sebree Smelter Running?(Continued from Prior Part) Sebree smelter
As discussed in the previous part, Century Aluminum (CENX) announced the continued operations of its Sebree smelter in Kentucky. Interestingly, Century Aluminum’s president and CEO, Michael Bless, noted during the company’s 3Q15 earnings conference call, “We will only run each of our operations in a manner that yields nominally a breakeven result even in the current depressed environment.” He addeFriday, December 18, 2015 |
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| 24hGold - Yahoo |
| Century Aluminum Follows Alcoa, Rolls Back Proposed Curtailment |
| What Makes Century Aluminum Keep Sebree Smelter Running? Production curtailment
Century Aluminum (CENX) announced the continued operations of its Sebree smelter in Kentucky. Previously, the company had announced the idling of one of the potlines in this smelter by the year’s end. The idling would have reduced the output from the smelter—with a name plate capacity of 210,000 metric tons— by a third. Apparently, this is the second instance in the last one month where a US (DIA) smelter has rolledFriday, December 18, 2015 |
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| 24hGold - Yahoo |
| URANIUM 8:02 am Uranium Resources completes a registered direct offering of 2.5 mln common stock shares, for a $1 mln investment from a private party |
| 1:52 pm AT&T increases quarterly dividend $0.01/share to $0.48/share (T) : 1:46 pm Dow -274 slips to new session low, S&P -25 and Nasdaq Comp -56 hovering slightly above their lows (:TECHX) : 1:39 pm Columbia Pipeline and and Columbia Pipeline Partners LP (CPPL) filed customer agreement with FERC to extend its long-term system modernization program (CPGX) : Columbia Transmission has requested FERC's approval of the customer agreement by March 31, 2016, which will allow critical planning and scFriday, December 18, 2015 |
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| 24hGold - Yahoo |
| 3:37 am Wells Fargo to sell its crop insurance business to Zurich Insurance (ZURVY) |
| 5:20 pm This week's biggest % gainers/losers (SCANX) : The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).This week's top 20 % gainersHealthcare:
SEDG (26.95 +35.43%),
AKBA (12.35 +26.67%),
GLBL (5.6 +24.72%),
ADXS (11.92 +24.43%)Materials:
PTCT (32.5 +20.82%)Consumer Discretionary:
RSO (13.72 +26.8%),
KERX (5.38 +25.12%),
PCRX (76.15 +22.72%)InFriday, December 18, 2015 |
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| 24hGold - Yahoo |
| 10:01 am Alcoa announces long-term supply contracts with Boeing (BA) valued at over $2.5 billion |
| 5:20 pm This week's biggest % gainers/losers (SCANX) : The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).This week's top 20 % gainersHealthcare:
SEDG (26.95 +35.43%),
AKBA (12.35 +26.67%),
GLBL (5.6 +24.72%),
ADXS (11.92 +24.43%)Materials:
PTCT (32.5 +20.82%)Consumer Discretionary:
RSO (13.72 +26.8%),
KERX (5.38 +25.12%),
PCRX (76.15 +22.72%)InThursday, December 17, 2015 |
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| 24hGold - Yahoo |
| What Would a Stronger US Dollar Mean for Alcoa |
| Could the Fed's Rate Hike Change Anything for Alcoa?(Continued from Prior Part) A stronger US dollar and Alcoa
One possible repercussion of the Fed’s rate hike could be the further appreciation of the US dollar. Commodities in general have a negative correlation with the dollar. However, there are several moving parts in Alcoa’s relationship with the US dollar. In this part of the series, we’ll explore how Alcoa (AA) could be impacted if the US dollar were to appreciate.
Net positive
On a coThursday, December 17, 2015 |
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