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Alumina Limited (AWCMF)

- OTCQB
  • Jan. 21, 2014, 10:35 AM
    • Alcoa (AA +5.2%) continues its unlikely march higher, as J.P. Morgan predicts tightening aluminum markets and higher prices will boost earnings.
    • "Given the pace and amount at which premiums have recently increased, it is clearly difficult to forecast for how long they will remain near current levels which we believe provide a significant amount of earnings support to [Alcoa]’s primary aluminum smelting operations," the firm writes.
    • The firm upgrades AA shares to Overweight from Neutral with a $15 price target, up from $9, and raises Century Aluminum (CENX +5.3%) to Overweight from Underweight with a $13 target, up from $6.
    • Also: AWC +5.5%, KALU +0.5%, ACH +0.2%, NOR +4.5%.
    | 8 Comments
  • Apr. 11, 2012, 7:56 AM
    Alcoa's Q1 earnings beat and positive CC helps prop up peers in the sector. Premarket advancers: Century Aluminum (CENX) +3.5%, Noranda Aluminum (NOR) +2.0%, Alumina (AWC) +3.8%.
    | Comment!
  • Jan. 6, 2012, 10:33 AM
    Alcoa (AA -2.7%) is selling off after announcing a restructuring plan meant to cope with a weak demand/pricing environment, and is taking some other aluminum makers down with it. NOR -5.6%. ACH -3%. AWC -2.6%. Dahlman Rose (Buy) thinks Alcoa's move will help stabilize aluminum prices; other aluminum producers have also been cutting output. (previously)
    | Comment!
  • Oct. 6, 2011, 11:07 AM
    Alcoa (AA) gains 4.5%, leading a bevy of aluminum producers higher on a slightly better outlook. The Motley Fool postulates prices may get some support with Goldman Sachs behind the scenes as a trader of the commodity. Gainers: CENX +2.7%, NOR +4%, AWC +3.7%.
    | Comment!
  • Sep. 20, 2011, 8:19 AM
    Shares of Alumina Limited (AWC) fall 3.7% premarket after industry sources say China may keep imports of raw material alumina capped as domestic production increases.
    | Comment!
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Company Description
Alumina and its subsidiaries strategy is to invest world-wide in bauxite mining, alumina refining and selected aluminium smelting operations through our 40% ownership of Alcoa World Alumina & Chemicals (AWAC), the world's largest alumina business.