Aluminum and alumina prices are higher than they have been in more than a decade, which helped Alcoa have another strong quarter. Its revenues of $3.1 billion were up $276 million, or 10%, from the previous quarter driven by the company's value-add aluminum products which have seen significant year-over-year growth. The premiums they earn for value-add products increased in the last quarter. High spot premiums for open volumes were supported by strong demand. The management expects another solid ....

08 Feb 2022
Alcoa Corp - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 2/22

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Alcoa Corp - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 2/22
Aluminum and alumina prices are higher than they have been in more than a decade, which helped Alcoa have another strong quarter. Its revenues of $3.1 billion were up $276 million, or 10%, from the previous quarter driven by the company's value-add aluminum products which have seen significant year-over-year growth. The premiums they earn for value-add products increased in the last quarter. High spot premiums for open volumes were supported by strong demand. The management expects another solid ....