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Shanghai frenzy fuels alumina's record-breaking rally: Andy Home

RPT-COLUMN-Shanghai frenzy fuels alumina's record-breaking rally: Andy Home Repeats Oct. 17 column without change By Andy Home LONDON, Oct 17 (Reuters) - Alumina prices have soared to record highs this week, compressing margins at the world's aluminium smelters which convert the intermediate product into metal. The London Metal Exchange (LME) cash price CPLAc1 , indexed to Platts benchmark Australian alumina assessment, closed Wednesday at $633.35 per metric ton, lifting the ratio to the alumini
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Shanghai frenzy fuels alumina's record-breaking rally: Andy Home

COLUMN-Shanghai frenzy fuels alumina's record-breaking rally: Andy Home The opinions expressed here are those of the author, a columnist for Reuters. By Andy Home LONDON, Oct 17 (Reuters) - Alumina prices have soared to record highs this week, compressing margins at the world's aluminium smelters which convert the intermediate product into metal. The London Metal Exchange (LME) cash price CPLAc1 , indexed to Platts benchmark Australian alumina assessment, closed Wednesday at $633.35 per metric t
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U.S. STOCKS PPG Industries, Travelers, ShiftPixy

BUZZ-U.S. STOCKS ON THE MOVE-PPG Industries, Travelers, ShiftPixy Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock indexes were set to rise on Thursday, with an upbeat forecast from TSMC boosting semiconductor stocks, while a bigger-than-expected rise in September retail sales pointed to a strong U.S.
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U.S. STOCKS Meta Platforms, Elevance Health, Robinhood Markets

BUZZ-U.S. STOCKS ON THE MOVE-Meta Platforms, Elevance Health, Robinhood Markets Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock index futures advanced on Thursday, with an upbeat forecast from TSMC boosting semiconductor stocks, while investors awaited key economic data for clues on the U.S.
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Alcoa rises after Q3 core profit beats view, J.P. Morgan raises PT

BUZZ-Alcoa rises after Q3 core profit beats view, J.P. Morgan raises PT ** Alcoa shares AA.N rise 4.9% to $44.15 premarket ** Co on Wednesday posted Q3 adj. EBITDA of $455 mln vs. est. $385.8 mln, as per data compiled by LSEG, due to higher alumina prices and lower raw material costs ** But Q3 revenue came in below estimates at $2.90 bln on lower shipments of alumina and aluminum ** J.P.
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U.S. Constellation Energy, Morgan Stanley, Uber

U.S. RESEARCH ROUNDUP-Constellation Energy, Morgan Stanley, Uber Oct 17 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Constellation Energy, Morgan Stanley, and Uber, on Thursday. HIGHLIGHTS * Constellation Energy Corp CEG.O : J.P. Morgan initiates coverage with overweight rating * Illumina Inc ILMN.O : HSBC raises to buy from hold * Morgan Stanley MS.N : RBC raises target price to $122 from $108 * Uber UBER.N : Dai
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Alcoa Q3 Adjusted EBITDA USD 455 Million Vs. IBES Estimate USD 385.8 Million

BRIEF-Alcoa Q3 Adjusted EBITDA USD 455 Million Vs. IBES Estimate USD 385.8 Million Oct 16 (Reuters) - Alcoa Q3 net income USD 90 million. Q3 revenue USD 2,904 million vs. IBES estimate USD 2,967 million Q3 adjusted net income USD 135 million vs. IBES estimate USD 40.2 million Q3 EPS USD 0.38
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Alcoa, Ignis close to signing joint funding deal for Spain aluminium plant

Alcoa, Ignis close to signing joint funding deal for Spain aluminium plant MADRID, Oct 16 (Reuters) - Alcoa AA.N said on Wednesday it was "progressing" toward a strategic cooperation agreement with Spanish renewable energy company Ignis to fund the operation of the U.S. metal producer's aluminium plant in northwestern Spain. Under the proposed deal, Alcoa would contribute 75 million euros ($81 million) and Ignis would make an initial investment of 25 million euros, giving it 25% ownership of the
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Alcoa And Ignis Eqt Progress Toward Strategic Agreement To Support Future Of Alcoa San Ciprián Operations

BRIEF-Alcoa And Ignis Eqt Progress Toward Strategic Agreement To Support Future Of Alcoa San Ciprián Operations Oct 16 (Reuters) - Alcoa Corp AA.N : ALCOA AND IGNIS EQT PROGRESS TOWARD STRATEGIC AGREEMENT TO SUPPORT FUTURE OF ALCOA SAN CIPRIÁN OPERATIONS ALCOA CORP - WOULD CONTRIBUTE EUR 75 MILLION TO FUND OPERATIONS OF ALCOA SAN CIPRIÁN OPERATIONS ALCOA CORP: UP TO EUR 100 MILLION WOULD BE FUNDED BY ALCOA AS NEEDED FOR OPERATIONS WITH A PRIORITY POSITION IN FUTURE CASH RETURNS.
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U.S. STOCKS Walmart, crypto, banks

BUZZ-U.S. STOCKS ON THE MOVE-Walmart, crypto, banks Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes were mixed at the open on Friday as traders kept bets on a 25-basis-point Federal Reserve rate cut in November intact after producer prices data, while a slump in Tesla shares dragged on the Nasdaq.
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listed aluminum firms gain on rising aluminum prices

BUZZ-US-listed aluminum firms gain on rising aluminum prices Updates ** U.S.-listed aluminum stocks jump as prices of alumina, the main ingredient in making aluminum, hit record high on the Shanghai Futures Exchange ** Alcoa AA.N up 4.4% at $40.99 and Century Aluminum CENX.O gains ~4.6% to $17.2 ** Emirates Global Aluminum says bauxite exports from its subsidiary Guinea Alumina Corporation are suspended by customs ** Guinea is the world's No.2 bauxite producer, after Australia ** Bauxite is refi
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listed aluminum cos gain on rising aluminum prices

BUZZ-US-listed aluminum cos gain on rising aluminum prices ** U.S.-listed aluminum stocks jump as prices of alumina, main ingredient in making aluminum, hit record high on the Shanghai Futures Exchange ** Alcoa Corp AA.N up 2.9% at $40.37 and Century Aluminum gains 2.1% to $16.82 premarket ** Emirates Global Aluminum said bauxite exports from its subsidiary Guinea Alumina Corporation are suspended by customs; Guinea is the world's No.2 bauxite producer, after Australia ** Bauxite is refined into
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Japan Q4 aluminium premium rises on supply fears amid firmer Europe prices

UPDATE 1-Japan Q4 aluminium premium rises on supply fears amid firmer Europe prices Dec-Oct premium marks third quarterly increase Producers come down from initial offers of $180-$185/T Local demand remains sluggish Adds comment from mill in paragraph 5, trader comment in paragraph 11, detail on demand, stocks, pricing talks from paragraph 6 By Yuka Obayashi TOKYO, Oct 9 (Reuters) - The premium for aluminium shipments to Japanese buyers for October to December was set at $175 a metric ton, up 1.
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Japan Q4 aluminium premium set at $175/T, up 1.7% quarter-on-quarter, sources say

Japan Q4 aluminium premium set at $175/T, up 1.7% quarter-on-quarter, sources say TOKYO, Oct 9 (Reuters) - The premium for aluminium shipments to Japanese buyers for October to December was set at $175 a metric ton, up 1.7% from the prior quarter, reflecting higher premiums in Europe , four people directly involved in pricing talks said. The figure is higher than the $172 per ton paid in July to September and represents a third consecutive quarterly increase.
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Jefferies expects Alcoa free cash flow to improve; shares rise

BUZZ-Jefferies expects Alcoa free cash flow to improve; shares rise ** Shares of aluminum firm Alcoa Corp AA.N rise 3% at $39 in early trade ** Brokerage Jefferies maintains a buy on AA and adjusts the target price to $50 from $55, which represents a ~30% upside to stock's last close ** "We like Alcoa for operational upside, cost reductions and lev
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U.S. STOCKS Dine Brands, Pinterest, Nike

BUZZ-U.S. STOCKS ON THE MOVE-Dine Brands, Pinterest, Nike Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes took a beating on Tuesday as reports of escalating tensions in the Middle East made investors sell riskier assets, with the benchmark S&P 500 hitting its lowest in over a week.
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BofA raises PT on most gold, copper producers

BUZZ-BofA raises PT on most gold, copper producers ** BofA Global Research raises price targets on most gold miners and copper producers ** Expects gold to hit $3,000/ounce in the next 12-18 months and copper rising to $12,000/tonne or $5.44/pound in 2026 ** Sees that Chinese stimulus measures could strengthen the outlook for global growth and pote
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U.S. Fox Corp, Smartsheet, Tesla

U.S. RESEARCH ROUNDUP-Fox Corp, Smartsheet, Tesla Sept 25 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including Fox Corp, Smartsheet and Tesla, on Wednesday. HIGHLIGHTS * Fortrea Holdings Inc FTRE.O : Jefferies cuts to hold from buy * Fox Corp FOXA.O : CFRA cuts to sell from hold * Hewlett Packard Enterprise CO HPE.N : Barclays raises to overweight from equal-weight * Smartsheet Inc SMAR.N : D.A.
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U.S. Athira Pharma, Lowe's Companies, P&G

U.S. RESEARCH ROUNDUP-Athira Pharma, Lowe's Companies, P&G Sept 19 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Athira Pharma, Lowe's Companies and P&G on Thursday. HIGHLIGHTS * Athira Pharma Inc ATHA.O : Mizuho cuts to neutral from outperform * Five Below Inc FIVE.O : JP Morgan cuts to underweight from neutral * Lowe's Companies Inc LOW.N : TD Cowen raises target price to $265 from $240 * P&G PG.N : JP Morgan rai
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Most Gulf markets retreat ahead of Fed rate cut decision

MIDEAST STOCKS-Most Gulf markets retreat ahead of Fed rate cut decision By Ateeq Shariff Sept 17 (Reuters) - Most stock markets in the Gulf ended lower on Tuesday, ahead of the U.S. interest rate decision that traders are betting may start with an outsized cut. Investors remain solely focused on the Federal Reserve's two-day policy meeting that concludes on Wednesday, as chances have crept up in the past week in favour of a 50-basis-point rate cut.
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