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Alcoa (NYSE: AA ) CEO Roy Harvey and Rio Tinto Aluminum (NYSE: RIO ) CEO Alf Barrios are among executives saying they "strongly oppose" the potential reinstatement of Section 232 tariffs on aluminum imports. More news on: Alcoa Corporation, Rio Tinto Group, iPath Series B Bloomberg Alumi...
The Trump administration is considering re-imposing tariffs on aluminum imports from Canada, with an announcement possible by the end of this week, Bloomberg reports. More news on: Alcoa Corporation, Century Aluminum Company, Rio Tinto Group, Commodities news, Stocks on the move, News on...
Original post By Stuart Burns As we predicted last week , the LME to SHFE arbitrage window has closed. Investors were unlikely to leave that open for long and the resulting inflow of half a million tons of aluminum in May no doubt contributed to a narrowing of the delta. What wa...
Original Post By Stuart Burns Aluminum prices have been on an upward trend the last week or two, currently holding comfortably above $1,500 per ton for spot cash after months in the $1,400s. The market, though, is undergoing convulsions. The spot price is being driven up by physi...
A positive shift in demand, higher oil prices and a drop in a key volatility index add to potential upside momentum as high as $1,700/ton for aluminum ( LMAHDS03:COM ), which last month touched a four-year low, says Harbor Intelligence analyst Jorge Vazquez. More news on: Aluminum Futures,...
Original Post By Stuart Burns Nickel prices have seen support in recent months more from supply-side concerns. Initially, support came from bringing forward of Indonesia's raw material export ban, More recently, support came from concerns the coronavirus pandemic would shut down mi...
Original Post By Sohrab Darabshaw Provisional data for fiscal year 2020 from the Government of India show India became a net exporter of steel with an increase of 31.4% in March 2020. A CNBC report claimed India's steel consumption had touched the psychological barrier of 100 mil...
Alcoa ( AA +11.2% ) and other aluminum names surge to their highest levels in weeks as the Trump administration proposes rules to track aluminum imports more closely, in a move that could address industry demands to block Chinese supply that skirts tariffs. More news on: Alcoa Corporat...
The coronavirus outbreak and the effects of COVID-19 have gone deeper and wider than most people would have expected. That applies just as much to markets as anywhere. Whether it's a tech sector that is supporting our new work from home or re-rating as expensive EV/Sales multiples make less se...
Original Post By Stuart Burns Two articles in Reuters this week support observations we have made in posts this month and paint an encouraging picture for aluminum consumers, if not for producers, facing the first half of this decade. The first post - by one of our favorite Reute...
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iPathA Series B Bloomberg Aluminum Subindex Total Return ETN Company Name:
JJU Stock Symbol:
NYSE Market:
Aluminum is a silvery white metal with a myriad of useful properties that make it a necessary component in many of our everyday products. Given that, aluminum investing can offer exposure to growth in a number of market segments. The base metal is non-toxic, corrosion resi...
Aluminum is a silvery white metal with a list of positive properties that make it a useful and necessary component in many of the objects we use in our daily lives. It is non-toxic and corrosion resistant, it has high thermal conductivity and it is the most abundant metal in the Earth’...
Barclays Bank PLC (“Barclays” or the “Issuer”) announced a temporary reduction of the minimum early redemption size of certain series of ETNs as specified in the table below (together, the “ETNs”). Currently holders of the ETNs are required to redeem...