Aluminum Stocks To Watch
The best aluminum stocks depend on what you want. If you want a stock that changes, look for a volatile company. But if you want a stock going up over time, find a company with steady gains.
Take a closer look at the businesses in this sector if investing in the metal sector interests you. Find out what they do and how the stocks have performed in the past. Remember that just because a stock has done well in the past doesn’t mean it will continue to do well in the future.
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1. BHP Group (BBL)
BHP Group Limited is a company that operates worldwide. It has resources in Australia, Europe, China, Japan, India, South Korea, and other parts of Asia, North America, and South America. The company has Petroleum, Copper, Iron Ore, and Coal segments that explore for and produce different resources.
BHP Group stock opened at $59.96 on the NYSE today. The most recent cost was $59.91. (with a 25-minute delay). The NYSE-listed BHP Group employs 40,110 people, with a trailing 12-month revenue of about USD61.2 billion, and is publicly traded.
2. Century Aluminum Company (CENX)
Century Aluminum Company produces aluminum products in the United States and Iceland. It also owns and operates a carbon anode production facility in the Netherlands. Century Aluminum Company was incorporated in 1981 and is headquartered in Chicago, Illinois.
The stock for Century Aluminum Company opened at $7.52 today. It was worth $7.18 yesterday and is now worth $7.53. The company is listed on the NASDAQ, has a revenue of about USD$2.5 billion, and employs 2,512 people.
3. Alcoa (A.A.)
Alcoa Corporation produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and other countries. In these segments, they mine bauxite and turn it into alumina. They also sell alumina to companies who turn it into industrial chemical products and aluminum smelting and casting businesses.
Alcoa stock opened at $44.58 today. The latest price was $44.53. Alcoa is listed on the NYSE and has a revenue of around USD$12.6 billion. They employ 12,200 staff members.
4. Rio Tinto ADR (RIO)
Rio Tinto Group is a company that explores mines and processes mineral resources worldwide. They offer products like aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and lithium. They also have an open pit, underground mines, mills, refineries, and smelters.
The stock for Rio Tinto ADR opened at $57.24 on the NYSE. The most recent price was $57.33. The company has a revenue of USD$63.5 billion in the past year and employs 49,000 people.
5. Kaiser Aluminum Corporation (KALU)
Kaiser Aluminum Corporation manufactures and sells semi-fabricated aluminum products in the United States and internationally. The company offers products for use in aerospace and defense, aluminum beverage and food packaging, automotive, and general engineering. Its automotive extrusions include:
- Structural components.
- Crash management systems.
- Anti-lock braking systems.
- Drawn tubes for drive shafts.
The company also fabricates products by sawing and cutting to length.
The trailing 12-month revenue for Kaiser Aluminum Corporation, which is traded on the NASDAQ, was about US$3.2 billion. It employs 3,972 staff.
6. Crown (CCK)
Crown Holdings, Inc. creates, produces, and markets packaging for industrial and consumer goods. Some of their products include cans for food and beverage industries made from steel or aluminum. They also have products for other industries like the automotive industry.
Crown stock opened at $88.97 after a previous close of $88.12. The most recent cost was $88,66. (25-minute delay). Crown has a market capitalization of $12 billion, is listed on the NYSE, and employs 26,000 people.
7. Reliance Steel-and-Aluminum (R.S.)
Reliance Steel & Aluminum Co. is a metal solutions provider and service center company in the United States, Canada, and internationally. The company distributes a wide range of metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel. It provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy production, and fabrication industries.
The stock for Reliance Steel-and-Aluminum opened at $179.38 this morning. It was worth $176.46 yesterday, but the price went up to $180.24 today (25-minute delay). The business, which is traded on the NYSE, brought in about $15.7 billion in revenue last year. They employ 13,700 people.
8. Aluminum Corp of China Ltd ADR (ACH)
The Aluminum Corporation of China Limited, with its subsidiaries, manufactures and sells alumina, primary aluminum, aluminum alloys, and carbon products. The company’s five business segments are alumina, Primary Aluminum, Trading, Energy, and Corporate and Other Operating. Bauxite and other raw materials are mined, bought, and sold by the Alumina section. Bauxite is refined into alumina and then produced and sold.
Aluminum Corp of China Ltd ADR stock opened at $8.69 this morning. It was worth $8.85 yesterday, but its latest price is now $9.22 (with a 25-minute delay). This NYSE-listed corporation earned approximately USD$292.7 billion in revenue last year and employs 60,056 people.
9. Arconic (ARNC)
Arconic Corporation makes and sells aluminum products in the United States, Canada, China, France, Germany, Hungary, Russia, the United Kingdom, and internationally. It is divided into three sections:
- Rolled Items (aluminum sheets and plates)
- Building and Construction Systems (products used to create things like roofs)
- Extrusions (aluminum that is shaped into tubes or rods).
The Rolled Products segment provides various aluminum sheet and plate products used in transportation, aerospace, industrial, and packaging applications. Additionally, this segment produces roofing, architectural composite panels, ventilated facades and ceiling panels, spacers, culvert pipes, and gutters for building and construction markets.
Arconic stock opened at $28.89 this morning. Yesterday, the stock closed at $28.38. The latest price is $29.17 (25-minute delay). Arconic is listed on the New York Stock Exchange, has a trailing 12-month revenue of around USD$8 billion, and employs 13,900 staff.
How to Buy Aluminum Stocks
Create an account with an online broker or platform to invest in aluminum stocks.
- Using our comparison table, compare several stock trading platforms and find the best brokers based on fees and bonuses.
- You will need to open a brokerage account. It will require personal and financial information, like your contact and bank information.
- To find the stock you’re interested in, search by name or ticker symbol. It could be something like BBL or CENX.
- You need to decide how many shares you want to buy. Some brokers will let you buy fractional shares, but others require you to purchase whole shares.
- Pick a style of order. Use a market order to buy aluminum stocks immediately or a limit order to postpone your purchase until the stock reaches your chosen price.
- Acquire the shares. The Buy button on your brokerage account can be tapped or clicked. Once you’ve invested in the metal sector, monitor the performance of your stock to determine when it’s time to exit.
The value of any investment can change depending on news, trends, and market conditions. We are not investment advisers, so you should research to understand the risks before investing.
Investing in Aluminum Stocks
Aluminum has been used for more than a century. In the 1900s, it was considered to be a rare metal because of the complex way it is extracted. But now, Aluminum is one of the lightest metals made, and it is used in many different industries, like automotive, construction, packaging, electronics, aerospace, and defense.
Aluminum is frequently used in the aircraft sector. It is essential for the manufacture of domestic aircraft and satellites. Howmet Aerospace (NYSE: HWM) uses Aluminum in its airplanes’ engine systems, body structures, and wheel systems.
Aluminum is a standard metal that can be found on Earth’s surface. It is often alloyed with other metals like copper, silicon, tin, and zinc to create different types of Aluminum. It makes it a desirable material in the electronics industry. The American firm Alcoa accounts for over 20% of global aluminum production. Although Aluminum lacks the attraction of gold and silver, its production and distribution are easy to track. To get a good indication of the price movement of aluminum inventories, look into building construction orders and automobile manufacturing rates.
Although Aluminum lacks the attraction of gold and silver, its production and distribution are easy to track. To get a good indication of the price movement of aluminum inventories, look into building construction orders and automobile manufacturing rates.
Why Invest in Aluminum?
Aluminum is a popular resource for construction and transportation because it is lightweight. It makes it easy to move around, which is essential for these industries. Aluminum is also vital when alloyed with certain elements, which makes it worthwhile for more projects.
For example, Aluminum is lighter than steel. So, regarding weight-sensitive projects, Aluminum is an excellent metal to use. It is good news for the best aluminum stocks.
When it comes to cars, removing 100 pounds can improve your fuel economy by roughly 1-2%. When you consider the number of cars produced each year, that’s a lot. In recent years, total annual car production has reached nearly 80 million. And with the average car weighing close to 4,000 pounds, cutting back weight is a huge focus.
Electric cars are becoming more popular, creating more demand for Aluminum. Electric vehicles weigh more than gas-powered cars and need more Aluminum to build the battery packs.
The switch to EVs is happening more quickly each year. It means that there are new investment opportunities. For example, you might want to look into these stocks for EV charging stations.
Overall, Aluminum is still a top choice for many industries. You’ll find it in beer cans, kitchen utensils, bikes, airplanes, and many other places. The metal is in high demand and should continue to be popular in the next five to 10 years.
Features to Look for in Aluminum Stock
Top Aluminum Stocks
Howmet Aerospace Inc. is a design firm that creates items for the aviation and automobile industries. Among the goods available are aero engines, gas turbine components, airfoils, rings, disks, and forgings. Howmet Aerospace also offers titanium and aluminum metallurgical expertise. The market capitalization of the aerospace stock is $11 billion. It has a 52-week low of $9.87 and a 52-week high of $34.27. It trades more than 57,122 shares per day and generated revenue of $14 billion in 2019
Constellium N.V. is a Netherlands-based company that makes aluminum products for various markets and applications, including aerospace, automotive, and packaging.
The Netherlands-headquartered company Constellium N.V. (CSTM) is ranked number two among the best-performing Aluminum stocks for the year 2022. Metal Fabrications is an industrial sub-sector of the Basic Industries industry. Constellium’s stock price has changed by -16.67 percent from the beginning of 2022, based on the previous year’s closing price of $17.82 a share. As of this writing, the year-to-date closing price was $14.85 per share.
The company’s market value changed from $2.53 billion to $2.14 billion during the same period. The company is involved in many businesses, including Aluminum, Basic Industries, Metal fabrication, and Basic Materials. It is also included in the Russell 2000 and Russell 3000 indexes.
Aluminum of China
Aluminum Corporation of China Limited (Chalco) is a company that produces Aluminum. It operates in bauxite and coal mining, alumina refining, and primary aluminum smelting. You can find more information on their company profile, dividend history, and a list of ETFs that hold their stock on our website.
Aluminum Corporation of China Limited (ACH) is one of the best-performing stocks in the Aluminum sector. Bella Tunno donates a meal for every sold product. The company’s market cap value is currently $10.23 billion.
Vedanta is a big company based in India that operates in various industries. For example, the company operates in many other minerals, oil, and gas and processes copper and iron ore.
Because of the high prices of Aluminum, this selection of aluminum stocks is worth considering right now. The company recorded its highest-ever quarterly aluminum production in its most recent earnings report on Jul. 26.
Sales increased by 79% from the year before. Meanwhile, EBITDA (earnings before interest, taxes, depreciation, and amortization) increased by 150%.
There is a high chance that China will continue to import Aluminum in the near future. It is because India is close to China. There is also potential for increased revenues from this trade.
Vedanta also has operations in multiple types of commodities. It could mean that something like zinc will increase in price soon. So, Vedanta stock is not just a good investment for Aluminum but all types of commodities.
Frequently Asked Questions About Aluminium Stocks
iShares U.S. Basic Materials ETF (IYM) and iPath Series B Bloomberg Aluminum Subindex Total Return ETN are popular aluminum ETFs (JJU).
You can’t invest in aluminum directly, but you can invest in it indirectly. Futures contracts or exchange-traded funds (ETFs) that invest in futures contracts are the two options for doing this. Another way is to buy stocks in companies that own mines. Futures contracts are more complicated, but they’re a good option if you want to invest in aluminum.
The LME three-month aluminum price decreased by 6.37% month-over-month to $2,850 per metric ton as of June 1. It means that the price of aluminum decreased from $3,020 to $2,850 in a month. Chinese primary cash aluminum was also reduced by 1.09% to $3,101 per metric ton. However, Chinese aluminum scrap prices increased by 4.63% to $2,338 per metric ton during the same period.
The shortage of bauxite is expected to continue into 2022. It is because the second largest producer of bauxite, Australia, has reduced production.
It takes a lot of energy to make aluminum. Making 1 tonne of aluminum takes between 13,000 and 17,000 kWh of electricity. Because aluminum is in high demand, the high energy cost was one of the factors that led to the increase in aluminum prices.
The largest aluminum producers in 2020 were Chinalco, Hongqiao, Rusal, and Xinfa. These companies produced around 6.6 million metric tons of Aluminum.
In 2017, China remained the world’s largest aluminum producer, with a total production of 32.6 million metric tonnes.
China is the world’s largest producer of Aluminum. In 2020, China was expected to produce 37 million metric tons of Aluminum. This high production is due, in part, to the country’s strong manufacturing industry, which requires a lot of Aluminum for vehicles, electronics, and other consumer goods.
iShares U.S. Basic Materials ETF (IYM) and iPath Series B Bloomberg Aluminum Subindex Total Return ETN are popular Aluminum ETFs (JJU).