Tariffs on aluminum imports
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Why Century Aluminum Stock Blasted Almost 13% Higher on Wednesday
Yahoo Finance· 2025-10-08 22:51
Group 1 - Century Aluminum experienced a significant stock increase of nearly 13% following the initiation of coverage by Wells Fargo, contrasting with the S&P 500's modest rise of 0.6% [1] - Wells Fargo initiated coverage with an overweight (buy) recommendation and set a target price of $37 per share for Century Aluminum [2] - The bank's analysis indicates that aluminum prices are higher than expected, driven by strong demand from China, which is anticipated to offset weaker demand from the U.S. and the European Union [3] Group 2 - Century Aluminum benefits from the current tariff situation, as tariffs on aluminum imports were effectively doubled to 50% from 25% in June, enhancing the company's competitive position as a domestic producer [4] - Despite the positive outlook from Wells Fargo, Century Aluminum was not included in a list of the top 10 stocks recommended by The Motley Fool Stock Advisor, which suggests there are potentially better investment opportunities available [5][6]