Best Aluminum Stocks

Kaiser Aluminum Corp produces and sells semi-fabricated specialty aluminum products primarily to industrial customers. The firm purchases primary and scrap aluminum, primarily from its five largest suppliers, and processes it into specialized value-added products. The company hedges its aluminum costs in an attempt to match commodity price changes between the time it purchases the raw materials and sells the finished products. Kaiser produces high-strength aluminum products for the aerospace industry, specialized aluminum extrusions for the automotive industry, and also sells products to customers in the general engineering industry. Nearly all of Kaiser’s revenue is generated in the US, with the remainder coming from Canada. The company’s operations are also located in the US and Canada. Howmet Aerospace Inc. is an engineering company that caters to the aviation and automobile industry. Its products include aero engine, gas turbine components, airfoils, rings, disks and forgings. Howmet Aerospace also provides metallurgic expertise in titanium and aluminum. The aerospace stock has a market cap of $11 billion, a 52-week low of $9.87 and a 52-week high of $34.27. Howmet Aerospace trades more than 57,122 shares per day. It generated revenue of $14 billion in 2019. Century Aluminum Co produces primary aluminum standard grade and value-added products. The firm operates smelter facilities in the United States and Iceland. The majority of revenue is generated from Glencore, which agreed to purchase nearly all of Century Aluminum’s North American production. Century purchases nearly all of its alumina from Glencore. The company produces high purity aluminum, standard grade aluminum sow and tee bars, and value-added billet and foundry products. Century also owns a carbon anode production facility in the Netherlands. Aluminum Corporation of China Ltd is listed in Hong Kong and in New York. It is headquartered in Beijing and is the world’s second-largest alumina producer and third-largest aluminum producer. Reliance Steel & Aluminum is a metal service center in the United States, providing metal processing and inventory management services for carbon and stainless steel, aluminum, and alloys. The company provides over 100,000 product types to approximately more than 125,000 customers. Reliance predominantly supplies the nonresidential construction, automotive, aerospace, energy, transportation, and heavy equipment end markets. Its product offerings comprise alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products. From commercial aircraft to soda cans, aluminum is a large part of our daily lives. The mass production of aluminum-based products can be attributed to its lightweight nature and durability — making it 1 of the most resourceful metals on the market. Consider diversifying your portfolio byinvestingin these best aluminum stocks. Aluminum has been extensively used for more than a century. In the 1900s, aluminum was considered a rare metal due to its complex extraction process. Now it has become 1 of the lightest metals manufactured in the market. It’s used in the automotive, construction, packaging, electronics, aerospace and defense industry. Aluminum is widely-used in the aerospace industry. It’s been essential in the manufacture of domestic aircraft and satellites. Howmet Aerospace (NYSE: HWM) uses aluminum in the engine systems, body structures and wheel systems of its airplanes. The abundance of aluminum on the earth’s surface and its ability to be alloyed with other metals like copper, silicon, tin and zinc also make it a preferable commodity in the electronics industry. The American firm Alcoa (NYSE: AA) produces more than 20% of the world’s aluminum. According to a recent study, the aluminum alloy market is expected to grow by $150 billion by 2024. Although aluminum doesn’t have the allure of gold and silver, its production and distribution can easily be tracked. Research construction orders for buildings and manufacturing rates of transport vehicles to get a fair idea of the price movement of aluminum stocks. Online brokers allow you to easily track and tradepenny stocks, stocks, exchange-traded funds (ETFs), mutual funds and foreign exchange. These platforms are equipped with advanced tools to enhance your trading experience. For example, you can customize the price range filter on the stock screener to instantly show you the beststocks under $10. Take a look at these online brokers to start your investment journey. Aluminum is widely used to make the fastest bicycles, boats, trucks and airplanes. Invest in aluminum stocks to accelerate the growth of your portfolio and earn rich dividends as a reward. Aluminum stocks are shares in companies related to the aluminum industry. Aluminum is used in many consumer goods making the stocks a good investment. You can find a list of the best aluminum stocks above. A newsletter built for market enthusiasts by market enthusiasts. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes.