01 JULY 2011www.alu.com.cn
Alcoa Could Reach $20 with Help from New Alloys
Edited by : AL CIRCLE
1 min read
It has been less than a week since Alcoa ( AA ) showcased its next-generation aluminium alloy at the Paris Air Show. And the aerospace industry seems to agree that these new alloys hold plenty of promise. Airbus decided to sign a multi-year contract worth $1 billion with the aluminium industry leader. Alcoa will supply its new alloys for almost all Airbus commercial aircraft. The company competes with other international metals and mining giants like Rusal, Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Chalco ( ACH ).
Our price estimate for Alcoa at $19.80 implies a premium of about 30% to the market price.
Our price estimate for Alcoa at $19.80 implies a premium of about 30% to the market price.
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