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Stock impact report

Trump’s Latest Foreign Policy Moves Have Been Great for U.S. Aluminum Makers [Bloomberg Business News]

Alcoa Corporation (AA) 
Last alcoa corporation earnings: 4/22 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
Alcoa, Century surged as likely beneficiaries of U.S. measures Rusal sends about 700,000 tons of aluminum to the U.S.: Harbor Photographer: Luke Sharrett/Bloomberg The American aluminum industry is getting a double benefit from Donald Trump’s harder stance on trade and Russian oligarchs. Alcoa Corp. and Century Aluminum Co. appear to be two of the main U.S. beneficiaries of Treasury Department sanctions on Rusal and seven other firms linked to Oleg Deripaska. The U.S.’s proposed tariffs on aluminum imports also stand to give local producers an edge over the competition. Shares in the two U.S. companies have rallied more than 10 percent since March 29 along with surging aluminum prices on the London Metal Exchange. “If the U.S. uses all of its capacity that’s not being used right now, we can cover our imports,” Jorge Vazquez, managing director at Harbor Intell Show less Read more
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