Alcoa (AA), Century Aluminum (CENX) Surge Amid U.S. Sanctions on Russia's Rusal
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Price: $35.47 -0.23%
Rating Summary:
15 Buy, 14 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
15 Buy, 14 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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Aluminum names Alcoa (NYSE: AA) and Century Aluminum Co (NASDAQ: CENX) are surging Monday as aluminum prices rally following U.S. sanctions on Russian aluminum giant Rusal.
In a note to clients earlier, Morgan Stanley said higher midwest premiums, from sanctions on Rusal and possible section 301 tariffs, will benefit beneift Alcoa.
Alcoa is up 7.4% and Century Aluminum is up 14%.
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