Latest news with #aluminum
Wall Street Journal
15 hours ago
- Business
- Wall Street Journal
Crown Holdings Raises Guidance, Claims Strong Performance
Crown Holdings CCK -1.39%decrease; red down pointing triangle raised its full-year guidance, with the manufacturer saying it had strong first half performance as it continues to monitor the potential impacts of tariffs. The Tampa, Fla.-based maker of aluminum cans and aerosol containers said second-quarter profit rose to $181 million, or $1.56 a share, from $174 million, or $1.45 cents a share, a year earlier.
Yahoo
a day ago
- Business
- Yahoo
Ball Corporation's Quarterly Earnings Preview: What You Need to Know
Ball Corporation (BALL) is a leading Colorado-based aluminum packaging company, best known for producing metal beverage cans, aerosol containers, and household packaging. Valued at a market cap of $16 billion, Ball has grown into the world's largest manufacturer of recyclable aluminum containers, serving major soft drink, beer, energy drink, and personal-care brands across North America, South America, and EMEA. The company is all set to announce its fiscal Q2 earnings for 2025 before the market opens on Tuesday, Aug. 5. Ahead of this event, analysts expect this packaging company to report a profit of $0.87 per share, up 17.6% from $0.74 per share in the year-ago quarter. The company has consistently beaten Wall Street's earnings estimates in each of the last four quarters. More News from Barchart It's Never 'Happened in the History of Tech to Any Company Before': OpenAI's Sam Altman Says ChatGPT is Growing at an Unprecedented Rate Ditch 'Basic' Nvidia and Buy This 'Unique' Chip Stock Instead Tesla Earnings, Powell Speech and Other Can't Miss Items this Week Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! For fiscal 2025, analysts expect BALL to report a profit of $3.52 per share, up 11% from $3.17 in fiscal 2024. Furthermore, its EPS is expected to grow 13.6% year over year to $4 in fiscal 2026. Shares of BALL have declined 6.3% over the past 52 weeks, underperforming the S&P 500 Index's ($SPX) 13.6% rise, and the Consumer Discretionary Select Sector SPDR Fund's (XLY) 17.2% gain over the same time frame. BALL released its Q1 2025 results on May 6, reporting adjusted EPS of $0.76 and revenue of $3.1 billion, both exceeding analyst expectations. However, shares edged down marginally, as it suffered from the absence of contributions from its aerospace division, which was sold in February 2024. Wall Street analysts are moderately optimistic about BALL's stock, with a "Moderate Buy" rating overall. Among 14 analysts covering the stock, five recommend "Strong Buy," two advise 'Moderate Buy,' six suggest 'Hold,' and one indicates a 'Strong Sell' rating. The mean price target for BALL is $63.85, which indicates a 10.4% potential upside from the current levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Alcoa CEO Says Trump Tariffs Force a Pause for Canada Growth Projects
(Bloomberg) -- Alcoa Corp., the storied US metals producer, is feeling the pinch of President Donald Trump's tariffs and has been forced to pause work on all its growth projects underway in Canada. The Dutch Intersection Is Coming to Save Your Life Mumbai Facelift Is Inspired by 200-Year-Old New York Blueprint How San Jose's Mayor Is Working to Build an AI Capital Milan Corruption Probe Casts Shadow Over City's Property Boom LA Homelessness Drops for Second Year If the levies stay in place, Chief Executive Officer Bill Oplinger warns that the American manufacturer may need to turn to the Canadian government for help. For now, Oplinger said he's waiting until Aug. 1 — the negotiation deadline for a new economic and security deal between Canada and the US — to decide whether Alcoa will push for assistance from the Canadian government, financial or otherwise, to support the aluminum operations the company has in Quebec. 'The profitability of Quebec is severely impacted,' Oplinger said in a Friday interview. 'The longer this goes, the more damage it will do to the competitiveness of the Quebec assets. And the Canadian government understands that.' Alcoa's challenges show how US levies on aluminum, aimed at boosting American manufacturing, are now hurting the largest US producer of the metal used in everything from soda cans to cars. While Pittsburgh-based Alcoa has a lot of domestic production, it also depends on operations in Canada to meet demand. The company owns three smelting and casting facilities in Quebec that largely feed American customers. The firm is typically one of the largest suppliers to the US, but is now rerouting cargoes because of the levies. 'We're doing everything we possibly can to ship tons that are normally destined for the US to other parts of the world,' Oplinger said. Oplinger's comments follow an earnings report on Wednesday that revealed Alcoa paid an additional $115 million in tariff-related costs in the second quarter. The company could look into lobbying both Canada's federal government and the Quebec government for support if tariffs stay in place. The firm is among many metal producers navigating trade tumult after the Trump administration raised US import tariffs on steel and aluminum — first to 25% in March, and then to 50% in June. Rio Tinto Plc said Wednesday that its Canadian-made aluminum generated costs of more than $300 million in the first half due to tariffs. The company also told local media in June that it implemented a hiring freeze at smelters across Quebec. Alcoa's executives are now 'looking very hard at capital investments' in Quebec, Oplinger said. 'The plans we had for growth projects in Quebec are on hold until we have some resolution on the tariffs.' Nearly 40% of Alcoa's metal produced in Quebec can be diverted to non-US customers, mostly in Europe and elsewhere in Canada, though weakened demand overseas has hampered the prospects for producers to reroute shipments entirely. The company has warned it could face further tariff costs if Trump follows through on threats to place 50% tariffs on Brazil, where Alcoa sources alumina to feed its US plants. Oplinger said he's now deciding whether to preemptively source alumina outside of Brazil in anticipation of those prospective levies. The Alcoa executive was appointed CEO in 2023 after serving as the firm's Chief Operations Officer and, previously, Chief Financial Officer. 'I've been with Alcoa for over 25 years and I think this is easily the most extreme trade uncertainty we've seen,' he said on Friday. --With assistance from Mathieu Dion. A Rebel Army Is Building a Rare-Earth Empire on China's Border What the Tough Job Market for New College Grads Says About the Economy How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All Godzilla Conquered Japan. Now Its Owner Plots a Global Takeover Why Access to Running Water Is a Luxury in Wealthy US Cities ©2025 Bloomberg L.P.
Yahoo
4 days ago
- Business
- Yahoo
Spot Market Tightness Boosts Aluminum Prices
Via Metal Miner The Aluminum Monthly Metals Index (MMI) remained sideways with an upside bias. Overall, the index rose 1.99% from June to July as aluminum prices slowed their ascent. Track other MetalMiner monthly indexes here, and compare how the overall industrial metal market is performing. Midwest Premium Returns to the Upside Stabilization proved temporary for aluminum's Midwest Premium. After finding a peak in early June followed by a modest decline, the premium returned to the upside. By early July, it managed to surpass its previous peak in search of a new high. Source: MetalMiner Insights The short-lived decline occurred as buyers pulled back from the market after Section 232 tariffs doubled in early June. Markets had mostly priced in the increased cost of imports but remained cautious, as trade negotiations posed a risk of altering the tariff landscape once again. Brokers of offshore material appeared hesitant about the premium's downswing. Specifically, they noted that the level would be unsustainable absent trade deals with major importers to the U.S. to account for tariffs. The only other option would be for demand to weaken significantly. Trade Negotiations Slow to Finalize By late June, trade negotiations faced several setbacks. For starters, trade deals had yet to be reached with major exporters, particularly Canada. While Canada offered some concessions, namely forgoing a 3% duty on U.S. tech firms, the July 9 deadline for trade talks eventually passed. Meanwhile, Trump kept retaliatory tariffs on pause, pushing the deadline to August 1st instead. However, the premium's recent increase suggests markets remain concerned that no trade deal will be reached, which would lead to significantly higher duties on aluminum imports. Canada remains the overwhelming aluminum supplier to the U.S. Even considering the recent opening of SDI's Aluminum Dynamics, the U.S. is still a net importer of aluminum. According to data from the U.S. Geological Survey, imports accounted for 47% of the U.S. aluminum supply in 2024. The fact that trade negotiations remain underway presents a heightened volatility risk for the Midwest Premium. A resolution with Canada would likely place downward pressure on the premium. Conversely, any indication that tariffs will remain as is or increase could see it climb higher. Global Premiums Plummet Amid U.S. Trade Barriers While the Midwest Premium continued its upswing, aluminum premiums elsewhere have sharply diverged. U.S. trade barriers have led to oversupply. Combined with soft demand, this has caused both Europe's duty-unpaid premium and the Main Japanese Port premium to drop significantly. Since the start of 2025, the European aluminum premium has decreased by 56%, while Japan's has dropped by38%. Meanwhile, the Midwest Premium rose 155% rise during the same period. As of mid-July, aluminum prices have taken at least a short-term pause from their uptrend. Although the long-term trend remains upward, the rate of increase appears to have slowed in recent weeks. Despite the global demand remaining slow, prices have found support from tighter LME inventories. These stocks faced considerable declines since May 2024, falling over 70% before finding a bottom in late June. The significant presence of Russian metal in LME inventories worsened these drops, as it remains heavily sanctioned by the U.S. and less desired by other buyers. Source: Westmetall Stocks appeared to rebound as of late June, perhaps placing a cap on aluminum prices. Nonetheless, the stock tightness saw the market spend a good portion of the year in backwardation, with primary cash prices trending higher than three-month. This suggests spot market tightness. Source: MetalMiner Insights, Chart & Correlation Analysis Tool As of July 14, the delta remained narrow, but primary cash prices held a modest premium. This suggests that the market remains tight, even with the recent rise in aluminum stocks. Ultimately, this could offer support to aluminum prices. By Nichole Bastin More Top Reads From this article on Sign in to access your portfolio
Geeky Gadgets
5 days ago
- Geeky Gadgets
Storm10 Mini 2-in-1 Laptop Review : Lightweight Design Meets Big Ambitions
Imagine carrying a device so light and compact that it feels almost weightless, yet powerful enough to handle your daily tasks with ease. The Storm10 Mini 2-in-1 laptop promises exactly that—a sleek, adaptable companion designed for people who are always on the move. But here's the catch: can a laptop this small truly deliver on both performance and practicality, or does its portability come with compromises? In this breakdown, we'll explore whether this device lives up to its bold claims, uncovering its strengths and shortcomings along the way. From its lightweight aluminum body to its versatile convertible design, the Storm10 Mini is packed with features that cater to modern users juggling work, study, and entertainment. But there's more to this device than meets the eye. How does it handle multitasking with its 16GB of RAM? Can its 10.5-inch touchscreen compete with larger displays for productivity? And what about the trade-offs, like its limited battery life and modest processing power? ETA Prime unpack the details, offering insights that might just change how you think about portable laptops. Compact 2-in-1 Laptop Overview Key Features at a Glance The Storm10 Mini offers several features that make it a practical choice for users who are frequently on the move: A lightweight aluminum body weighing just 900 grams, making sure easy portability. A 10.5-inch IPS touchscreen display with a 3:2 aspect ratio and 1920×1280 resolution, delivering sharp and vibrant visuals. A convertible 2-in-1 design that supports laptop, tablet, and tent modes for enhanced flexibility. 16GB of RAM and a 512GB M.2 SSD, providing smooth multitasking and fast storage access. Wi-Fi 6 and Bluetooth 5.1 for reliable and modern wireless connectivity. These features make the Storm10 Mini appealing for users who need a compact and adaptable device, but its performance and battery life may not satisfy those with more demanding requirements. Design and Build: Lightweight and Adaptable The Storm10 Mini is designed with portability in mind. Its aluminum chassis ensures a lightweight yet durable build, making it an ideal companion for commutes, travel, or working on the go. Weighing just 900 grams, it is easy to carry in a backpack or briefcase without adding significant bulk. The 10.5-inch touchscreen display is a standout feature, offering vivid colors and sharp visuals that are well-suited for productivity tasks, media consumption, and casual browsing. The 3:2 aspect ratio provides additional vertical screen space, which is particularly useful for reading documents, coding, or navigating web pages. The convertible design enhances the device's versatility. You can seamlessly switch between laptop, tablet, and tent modes, making it suitable for a variety of tasks such as presentations, note-taking, or streaming content. The inclusion of a backlit keyboard and a responsive trackpad further improves usability, even in low-light environments, making sure that the device remains functional in diverse settings. New Storm10 Mini 2-in-1 Laptop Tested Watch this video on YouTube. Here is a selection of other guides from our extensive library of content you may find of interest on mini laptops. Performance: Sufficient for Everyday Tasks Equipped with an Intel N150 quad-core processor capable of speeds up to 3.6 GHz, the Storm10 Mini is designed to handle everyday tasks with ease. Activities such as web browsing, document editing, and video playback are smooth and efficient. The 16GB of RAM ensures seamless multitasking, while the 512GB SSD provides fast file access and ample storage for documents, media, and applications. The device supports 4K video playback, making it suitable for streaming high-resolution content. Its dual USB-C ports allow for external display connections at 4K resolution and 60Hz, which is particularly useful for multitasking or delivering presentations. However, the Intel N150 processor struggles with more demanding applications, such as video editing or 3D rendering, which limits its appeal for power users or professionals requiring high-performance capabilities. Drawbacks: Where the Storm10 Mini Falls Short Despite its strengths, the Storm10 Mini has several limitations that may affect its usability for certain users: Battery Life: The 28Wh battery provides only 3.5 hours of video streaming or 1.5 hours of gaming, which is below average for its category. This limitation may require users to carry a charger for extended use, reducing its portability advantage. The 28Wh battery provides only 3.5 hours of video streaming or 1.5 hours of gaming, which is below average for its category. This limitation may require users to carry a charger for extended use, reducing its portability advantage. Audio Quality: The built-in speakers deliver basic sound but lack depth and bass, which can detract from the overall media experience, especially for music or movies. The built-in speakers deliver basic sound but lack depth and bass, which can detract from the overall media experience, especially for music or movies. Processor Limitations: While the Intel N150 processor is adequate for basic tasks, it cannot be upgraded. This restricts the device's potential for handling more demanding applications or future-proofing its performance. These drawbacks may make the Storm10 Mini less appealing for users who require longer battery life, better audio quality, or higher processing power. Potential Areas for Improvement To enhance the Storm10 Mini's appeal and address its current shortcomings, several upgrades could be considered: Incorporating a larger battery to extend usage time, particularly for professionals and students who work or study on the go. Offering more powerful processor options, such as AMD Ryzen or higher-tier Intel CPUs, to improve performance for demanding tasks like video editing or software development. Upgrading the audio system to deliver richer and more immersive sound quality, enhancing the overall media experience. These improvements would significantly broaden the device's appeal, making it a more competitive option in the compact laptop market. A Portable Solution with Practical Limits The Storm10 Mini 2-in-1 laptop is a compact and versatile device that excels in portability and basic functionality. Its lightweight design, convertible form factor, and reliable connectivity make it a practical choice for users who prioritize mobility and flexibility. However, its limited battery life, modest processing power, and basic audio quality may not meet the needs of users who require extended usage times or higher performance. For those who value portability and adaptability above all else, the Storm10 Mini is a solid option. However, users with more demanding requirements or those seeking a device for prolonged use may find better alternatives in models with enhanced performance and longer battery life. Media Credit: ETA PRIME Filed Under: Hardware, Laptops, Technology News Latest Geeky Gadgets Deals Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn about our Disclosure Policy.
