SOUTH32'S INITIAL Q2 ALUMINIUM PREMIUM OFFER OF $220/T IN JAPAN QUARTERLY DISCUSSIONS HAS EXPIRED, SOURCES SAY
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Source: moomoo
- Aluminum Premium Offer: South32 has made an initial offer for Q2 aluminum premium at $220 per ton in Japan.
- Quarterly Talks Expiration: The quarterly negotiations for aluminum premiums have expired as of Friday, according to sources.
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Analyst Views on AA
Wall Street analysts forecast AA stock price to fall
8 Analyst Rating
2 Buy
4 Hold
2 Sell
Hold
Current: 64.080
Low
38.00
Averages
57.63
High
78.00
Current: 64.080
Low
38.00
Averages
57.63
High
78.00
About AA
Alcoa Corporation is a vertically integrated aluminum company comprised of bauxite mining, alumina refining, aluminum production (smelting and casting), and energy generation. The Company’s operations are comprised of two business segments: Alumina and Aluminum. The Alumina segment primarily consists of its bauxite mines and alumina refineries, which generally include the mining of bauxite and other aluminous ores, as well as the refining, production, and sale of smelter grade and non-metallurgical alumina. The alumina produced by this segment is sold to internal and external aluminum smelter customers; a portion of the alumina is sold to external customers who process it into industrial chemical products. The Aluminum segment consists of the Company’s aluminum smelting and casting operations along with the Company’s energy production assets in Brazil, Canada, and the United States. It has direct and indirect ownership of 26 operating locations across nine countries on six continents.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
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- Extensive Experience: Olson brings over 20 years of leadership experience in capital-intensive industries, having held executive roles at Vale and Freeport-McMoRan, which will provide Alcoa with valuable industry insights and strategic perspectives.
- Strategic Alignment: As a member of the Executive Team, Olson will work closely with senior leadership to advance Alcoa's strategic priorities, particularly in government affairs and stakeholder engagement, thereby strengthening the company's competitive position in the market.
- Global Perspective: Olson's experience in government relations and sustainability across multiple countries will help Alcoa navigate complex regulatory environments more effectively, facilitating greater business expansion in global markets.
See More
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Impact Assessment: The offer aims to assess the impact of the ongoing conflict in the Middle East.
See More
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- Aluminum Premium Offer: South32 has made an initial offer for Q2 aluminum premium at $220 per ton in Japan.
- Quarterly Talks Expiration: The quarterly negotiations for aluminum premiums have expired as of Friday, according to sources.
See More
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- Geopolitical Risks: The U.S.-Israel conflict with Iran raises fears of disruptions in the critical Strait of Hormuz supply route, with Citi analysts noting that shipping disruptions could increase regional aluminum premiums even without immediate production halts.
- Middle Eastern Supply: The region accounts for approximately 9% of global primary aluminum output, with major suppliers including the UAE, Saudi Arabia, Qatar, Bahrain, Iran, and Oman, indicating that any potential disruptions to bauxite or alumina flows present a
See More
