Constellium Shares Are Falling Behind Competitors As Europe Copes With Aluminum Supply Restraints
Portfolio Pulse from Kenneth Rapoza
Constellium's shares have underperformed compared to competitors like Alcoa, Kaiser Aluminum, and Century Aluminum due to geopolitical issues affecting aluminum supply from Russia. The U.S. has imposed tariffs on Russian aluminum, and Europe may follow, impacting Constellium's costs. Despite this, Constellium's long-term prospects remain positive, with a new plant in Alabama and growing global aluminum demand.
October 22, 2024 | 6:01 pm
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Constellium's shares are down 12% over the past year due to geopolitical issues affecting aluminum supply from Russia. The U.S. has imposed tariffs on Russian aluminum, and Europe may follow, impacting Constellium's costs. Despite this, Constellium's long-term prospects remain positive, with a new plant in Alabama and growing global aluminum demand.
Constellium is directly affected by the geopolitical issues surrounding Russian aluminum supply, leading to increased costs and impacting its stock performance. The U.S. tariffs and potential European actions create uncertainty, negatively impacting short-term stock performance. However, the company's long-term prospects are supported by a new plant and increasing global demand for aluminum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Alcoa's shares have risen 55% over the past year, benefiting from an earnings beat and a price target upgrade by JP Morgan. The company is less affected by the Russian aluminum supply issues compared to Constellium.
Alcoa has shown strong performance with a significant stock price increase, driven by positive earnings and an analyst upgrade. The company is less impacted by the Russian aluminum supply issues, which benefits its short-term stock performance.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Century Aluminum's shares have surged 155.8% over the past year, resembling the performance of 'crypto aluminum'. The company is less affected by the Russian aluminum supply issues compared to Constellium.
Century Aluminum has experienced a significant stock price increase, driven by strong market performance. The company is less affected by the Russian aluminum supply issues, which supports its short-term stock performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 30
POSITIVE IMPACT
Kaiser Aluminum's shares have performed well over the past year, benefiting from the overall positive market sentiment towards aluminum companies. The company is less directly impacted by the Russian aluminum supply issues compared to Constellium.
Kaiser Aluminum has benefited from the positive market sentiment towards aluminum companies. The company is less directly impacted by the Russian aluminum supply issues, which supports its short-term stock performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 30