Posted on 03/30/2026 8:50:17 AM PDT by BenLurkin
Alcoa (AA) up 11% and Century Aluminum (CENX) up 10.5% in Monday's trading after Iran attacked two aluminum production sites in the Middle East over the weekend, threatening to deepen global supply disruptions and sending prices on the London Metal Exchange surgimg to nearly four-year highs (LMAHDS03:COM).
Also, Constellium (CSTM) up 3.3%, Kaiser Aluminum (KALU) up 3%, and Rio Tinto (RIO) up 2.9% on Monday.
The Middle East is home to 7M metric tons of aluminium smelting capacity, accounting for ~9% of global capacity.
(Excerpt) Read more at msn.com ...
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CORRECTION: Source is “Seeking Alpha”
Yep, amazing jump in aluminum stocks today.
Back in the 70s my late father in wrote the “Alcoa can’t wait” jingle.
I just asked her to double check and make sure he didn’t leave her any Alcoa stock. 😁
Translation...
Aluminum was more expensive under Joe Biden.
Any one recall reading about that four years ago?
Awww crap, I need to buy a bunch of plate that the PO was promised but hasn’t got here yet.
The customer always throw a hissy fit when you have to re-quote the materials cost for something like this, but I’m not going to eat it that’s for sure.
I guarantee now when I go to Alro or Clinton Aluminum to verify the previous quote they will just snicker and tell me what the NEW price will be today.
Curses, foiled again.
“Curses, foiled again.”
There you go, recycling old jokes.
Maybe I can get more than $.04 a pound for scrap chips. The scrappers don’t even waste their fuel to pick up scrap anymore.
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