American Companies Still Make Aluminum. In Iceland. [The New York Times]
Alcoa Corporation (AA)
Last alcoa corporation earnings: 4/22 04:10 pm
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Source: The New York Times
Alcoa, formerly the Aluminum Company of America, and another American company, Century Aluminum, have opened factories like this in Iceland, and closed factories in the United States, for a simple reason: Electricity is much cheaper here. Advertisement Continue reading the main story This year, tiny Iceland is on pace to make more aluminum than the United States. So are its fellow hydropower superpowers, Canada and Norway. This is precisely the kind of globalization that economists have long told us is beneficial. Iceland gets jobs. Alcoa shareholders get higher profits. Shoppers in the United States get lower prices. Of course, there is also a hefty cost: factories closed, jobs gone, communities torn apart. Voters infuriated by the loss of manufacturing jobs helped put Mr. Trump in the White House. Photo Stacks of fabricated aluminum are stored at the smelter in Iceland. Credit Mark Lennihan/Associated Press But in a curio
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News
- Alcoa Co. (NYSE: AA) had its price target raised by analysts at B. Riley from $25.00 to $31.00. They now have a "neutral" rating on the stock.MarketBeat
- Alcoa moves up despite EPS miss as company sees improving markets [Seeking Alpha]Seeking Alpha
- Alcoa Co. (NYSE: AA) had its price target raised by analysts at Jefferies Financial Group Inc. from $45.00 to $48.00. They now have a "buy" rating on the stock.MarketBeat
- Alcoa Co. (NYSE: AA) had its price target raised by analysts at BMO Capital Markets from $35.00 to $37.00. They now have a "market perform" rating on the stock.MarketBeat
- Here's What Key Metrics Tell Us About Alcoa (AA) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
AA
Earnings
- 4/17/24 - Miss
AA
Sec Filings
- 4/18/24 - Form DEFA14A
- 4/17/24 - Form DEFA14A
- 4/17/24 - Form DEFA14A
- AA's page on the SEC website