$AA Part 1: Alcoa is one of the world's largest aluminum mining companies!
Alcoa owns seven bauxite mines worldwide, making it the largest bauxite producer in the entire world!
Wait, what is bauxite anyway? Bauxite is the material from which most of the world's aluminum is produced!
The company offers bauxite from its mines to refineries and industry worldwide.
Its mining operations are strategically located near key markets for its products, making it more accessible to industry!
Holds energy assets - Alcoa holds energy assets that generate electricity for its operations, thereby streamlining and reducing its operating costs, and moreover, also sells electricity to industry!
Operates greenly - The company rehabilitates mining areas after its operations so that environmental damage is minimal; this activity has made the company an award-winning environmental leader!
Note: An updated analyst report is attached for your convenience.
Significant events: 1. On 10/14, the company released earnings in which it impressively beat estimates!
2. On 11/8, an investor call will be held with the company's CEO.
Current price: $47.08. Market cap: $8 billion. Risk level: medium. Company name: Alcoa Corporation.
Continuation and technical analysis in the next post: