Q3 Alcoa result - Alumina Segment

Very good for Alumina

Thie AWAC segment reported ATOI of $212 million, its best year-to-date profitability since 2007. Third quarter ATOI was down $3 million sequentially from $215 million, and up $150 million year-over-year from $62 million. Lower pricing drove the decline in sequential ATOI, but was nearly offset by favourable foreign currency movements, cost control and productivity improvements, higher shipments based on Alumina Price Index/spot pricing, and higher volume. Adjusted EBITDA per metric ton decreased $3 from second quarter 2015 to $95 per metric ton in third quarter 2015 and increased $49 per metric ton year-over-year.

Looks like they are flying under the radar and doing extremely well in the worst of the resource price environments.

With little or no debt and being a 1st in class play in bauxite and Alumina I can see AWC will be in play soon at these prices.

Look for a strong rebound. I'm tipping the stock will bounce back to its 200 moving average of $1.60 per share.

CHECK THE CHART

https://au.finance.yahoo.com/q/ta?s=AWC.AX&t=1y&l=on&z=l&q=l&p=m200&a=&c=