Aluminum stocks ranked by exposure
Every company linked to aluminum, ranked by the share of its value that aluminum accounts for.
Stockatomics links 7 listed companies to aluminum: 7 producers. They are listed on 5 exchanges: ASX, HKG, NASDAQ, NYSE and OSL.
Aluminum stocks fall into two broad camps. Integrated producers own the chain from bauxite through alumina to smelting, so their earnings depend on the spread between metal prices and raw material and power costs. Smelter-focused companies live and die by electricity: a cheap, secure power contract is worth more to them than almost anything else. For US-exposed producers, import tariffs and the regional premium add a third layer, which can make domestic smelters far more profitable than the international price alone suggests.
Aluminum price per kg contained
$3.63
| Company | Ticker | Exchange | Country |
|---|---|---|---|
| Alcoa | AA | NYSE | USA |
| Century Aluminum | CENX | NASDAQ | USA |
| Chalco | 2600 | HKG | China |
| China Hongqiao | 1378 | HKG | China |
| Norsk Hydro | NHY | OSL | Norway |
| Rio Tinto | RIO | NYSE | UK |
| South32 | S32 | ASX | Australia |
Every company linked to aluminum, ranked by the share of its value that aluminum accounts for.
Stockatomics links 7 listed companies to aluminum. Producers: Alcoa (NYSE: AA), Century Aluminum (NASDAQ: CENX), Chalco (HKG: 2600), China Hongqiao (HKG: 1378), Norsk Hydro (OSL: NHY), Rio Tinto (NYSE: RIO) and South32 (ASX: S32).
7 of the 7 produce aluminum as a main product: Alcoa (NYSE: AA), Century Aluminum (NASDAQ: CENX), Chalco (HKG: 2600), China Hongqiao (HKG: 1378), Norsk Hydro (OSL: NHY), Rio Tinto (NYSE: RIO) and South32 (ASX: S32).
On HKG (2), NYSE (2), ASX (1), NASDAQ (1) and OSL (1).
Broadly, but power costs, raw material costs and regional premiums matter as much. A smelter with cheap power can stay profitable when prices fall, while one with expensive power may have to curtail.
Tariffs raise the US premium, which benefits smelters operating in the United States while raising costs for manufacturers that buy aluminum.