Kaiser Aluminum (KALU)
Market Price (9/27/2026): $152.39 | Market Cap: $2.5 BilSector: Materials | Industry: Aluminum
Kaiser Aluminum (KALU)
Market Price (9/27/2026): $152.39Market Cap: $2.5 BilSector: MaterialsIndustry: Aluminum
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 2.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.3% Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, Renewable Energy Transition, and Circular Economy & Recycling. Themes include EV Manufacturing, Show more. | Stock price has recently run up significantly12M Rtn12 month market price return is 101% Key risksKALU key risks include [1] metal price exposure from a timing lag in passing through aluminum costs to customers for certain products, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 2.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.3% |
| Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, Renewable Energy Transition, and Circular Economy & Recycling. Themes include EV Manufacturing, Show more. |
| Stock price has recently run up significantly12M Rtn12 month market price return is 101% |
| Key risksKALU key risks include [1] metal price exposure from a timing lag in passing through aluminum costs to customers for certain products, Show more. |
Qualitative Assessment
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Updated on 9/14/2026
Kaiser Aluminum (KALU) stock has lost about 15% since 5/31/2026 because of the following key factors:
1. Macroeconomic Headwinds and Aluminum Price Volatility Questioned Favorable Spreads. Despite Kaiser Aluminum reporting record fiscal Q2 2026 results on July 22, 2026, where adjusted EPS of $5.53 significantly beat the consensus estimate of $2.66, and revenue rose 52.7% year-over-year to $1.26 billion, the stock experienced a decline of approximately 19% from its August highs. This downturn was partly attributed to investor concerns regarding the sustainability of favorable scrap spreads that boosted Q2 earnings, and broader aluminum price volatility. Global aluminum prices notably fell 11% from their 2026 peak in June due to a tentative US-Iran peace deal, which implied a normalization of shipments through the Strait of Hormuz, causing domestic aluminum ingot prices in East China to decline by 6.95% in June 2026.
2. Uncertainty Introduced by CEO Transition. The announcement of an executive leadership transition contributed to investor apprehension. Fred Stephan was named as the incoming Chief Executive Officer, effective November 1, 2026, succeeding Keith A. Harvey, who was a 45-year company veteran. This leadership change created a period of uncertainty for the company's future strategic direction, leading some investors to reassess the stock's valuation.
Show more
Kaiser Aluminum (KALU) stock has lost about 15% since 5/31/2026 because of the following key factors:
1. Macroeconomic Headwinds and Aluminum Price Volatility Questioned Favorable Spreads. Despite Kaiser Aluminum reporting record fiscal Q2 2026 results on July 22, 2026, where adjusted EPS of $5.53 significantly beat the consensus estimate of $2.66, and revenue rose 52.7% year-over-year to $1.26 billion, the stock experienced a decline of approximately 19% from its August highs. This downturn was partly attributed to investor concerns regarding the sustainability of favorable scrap spreads that boosted Q2 earnings, and broader aluminum price volatility. Global aluminum prices notably fell 11% from their 2026 peak in June due to a tentative US-Iran peace deal, which implied a normalization of shipments through the Strait of Hormuz, causing domestic aluminum ingot prices in East China to decline by 6.95% in June 2026.
2. Uncertainty Introduced by CEO Transition. The announcement of an executive leadership transition contributed to investor apprehension. Fred Stephan was named as the incoming Chief Executive Officer, effective November 1, 2026, succeeding Keith A. Harvey, who was a 45-year company veteran. This leadership change created a period of uncertainty for the company's future strategic direction, leading some investors to reassess the stock's valuation.
Show more
Updated on 9/14/2026
Kaiser Aluminum (KALU) stock has lost about 15% since 5/31/2026 because of the following key factors:
1. Macroeconomic Headwinds and Aluminum Price Volatility Questioned Favorable Spreads. Despite Kaiser Aluminum reporting record fiscal Q2 2026 results on July 22, 2026, where adjusted EPS of $5.53 significantly beat the consensus estimate of $2.66, and revenue rose 52.7% year-over-year to $1.26 billion, the stock experienced a decline of approximately 19% from its August highs. This downturn was partly attributed to investor concerns regarding the sustainability of favorable scrap spreads that boosted Q2 earnings, and broader aluminum price volatility. Global aluminum prices notably fell 11% from their 2026 peak in June due to a tentative US-Iran peace deal, which implied a normalization of shipments through the Strait of Hormuz, causing domestic aluminum ingot prices in East China to decline by 6.95% in June 2026.
2. Uncertainty Introduced by CEO Transition. The announcement of an executive leadership transition contributed to investor apprehension. Fred Stephan was named as the incoming Chief Executive Officer, effective November 1, 2026, succeeding Keith A. Harvey, who was a 45-year company veteran. This leadership change created a period of uncertainty for the company's future strategic direction, leading some investors to reassess the stock's valuation.
3. Concerns Over USMCA Renegotiations. Talk of potential renegotiations of the United States-Mexico-Canada Agreement (USMCA) introduced trade uncertainty. These discussions raised questions about North American trade rules, which unsettled both retail and institutional investors, as Kaiser Aluminum operates North American facilities and serves various industrial end markets within the region.
4. Significant Insider Selling Activity. Between June 5, 2026, and September 6, 2026, insiders at Kaiser Aluminum reported open-market sales totaling approximately $16.7 million, with no corresponding open-market purchases. Such substantial insider selling can signal a lack of confidence from company leadership, contributing to negative market sentiment and downward pressure on the stock price.
Show less
Kaiser Aluminum (KALU) stock has lost about 15% since 5/31/2026 because of the following key factors:
1. Macroeconomic Headwinds and Aluminum Price Volatility Questioned Favorable Spreads. Despite Kaiser Aluminum reporting record fiscal Q2 2026 results on July 22, 2026, where adjusted EPS of $5.53 significantly beat the consensus estimate of $2.66, and revenue rose 52.7% year-over-year to $1.26 billion, the stock experienced a decline of approximately 19% from its August highs. This downturn was partly attributed to investor concerns regarding the sustainability of favorable scrap spreads that boosted Q2 earnings, and broader aluminum price volatility. Global aluminum prices notably fell 11% from their 2026 peak in June due to a tentative US-Iran peace deal, which implied a normalization of shipments through the Strait of Hormuz, causing domestic aluminum ingot prices in East China to decline by 6.95% in June 2026.
2. Uncertainty Introduced by CEO Transition. The announcement of an executive leadership transition contributed to investor apprehension. Fred Stephan was named as the incoming Chief Executive Officer, effective November 1, 2026, succeeding Keith A. Harvey, who was a 45-year company veteran. This leadership change created a period of uncertainty for the company's future strategic direction, leading some investors to reassess the stock's valuation.
3. Concerns Over USMCA Renegotiations. Talk of potential renegotiations of the United States-Mexico-Canada Agreement (USMCA) introduced trade uncertainty. These discussions raised questions about North American trade rules, which unsettled both retail and institutional investors, as Kaiser Aluminum operates North American facilities and serves various industrial end markets within the region.
4. Significant Insider Selling Activity. Between June 5, 2026, and September 6, 2026, insiders at Kaiser Aluminum reported open-market sales totaling approximately $16.7 million, with no corresponding open-market purchases. Such substantial insider selling can signal a lack of confidence from company leadership, contributing to negative market sentiment and downward pressure on the stock price.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -15.8% change in KALU stock from 5/31/2026 to 9/26/2026 was primarily driven by a -42.8% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 9262026 | Change |
|---|---|---|---|
| Stock Price ($) | 181.26 | 152.55 | -15.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,702 | 4,136 | 11.7% |
| Net Income Margin (%) | 4.1% | 5.5% | 32.5% |
| P/E Multiple | 19.2 | 11.0 | -42.8% |
| Shares Outstanding (Mil) | 16 | 16 | -0.6% |
| Cumulative Contribution | -15.8% |
Market Drivers
5/31/2026 to 9/26/2026| Return | Correlation | |
|---|---|---|
| KALU | -15.8% | |
| Market (SPY) | 2.2% | 34.0% |
| Sector (XLB) | -2.3% | 26.7% |
Fundamental Drivers
The 18.3% change in KALU stock from 2/28/2026 to 9/26/2026 was primarily driven by a 64.6% change in the company's Net Income Margin (%).| (LTM values as of) | 2282026 | 9262026 | Change |
|---|---|---|---|
| Stock Price ($) | 128.98 | 152.55 | 18.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,373 | 4,136 | 22.6% |
| Net Income Margin (%) | 3.3% | 5.5% | 64.6% |
| P/E Multiple | 18.6 | 11.0 | -40.9% |
| Shares Outstanding (Mil) | 16 | 16 | -0.8% |
| Cumulative Contribution | 18.3% |
Market Drivers
2/28/2026 to 9/26/2026| Return | Correlation | |
|---|---|---|
| KALU | 18.3% | |
| Market (SPY) | 13.0% | 45.9% |
| Sector (XLB) | -6.0% | 43.6% |
Fundamental Drivers
The 100.5% change in KALU stock from 8/31/2025 to 9/26/2026 was primarily driven by a 132.8% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 9262026 | Change |
|---|---|---|---|
| Stock Price ($) | 76.09 | 152.55 | 100.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,114 | 4,136 | 32.8% |
| Net Income Margin (%) | 2.4% | 5.5% | 132.8% |
| P/E Multiple | 16.8 | 11.0 | -34.4% |
| Shares Outstanding (Mil) | 16 | 16 | -1.1% |
| Cumulative Contribution | 100.5% |
Market Drivers
8/31/2025 to 9/26/2026| Return | Correlation | |
|---|---|---|
| KALU | 100.5% | |
| Market (SPY) | 20.9% | 43.0% |
| Sector (XLB) | 9.9% | 45.0% |
Fundamental Drivers
The 123.7% change in KALU stock from 8/31/2023 to 9/26/2026 was primarily driven by a 1576.7% change in the company's Net Income Margin (%).| (LTM values as of) | 8312023 | 9262026 | Change |
|---|---|---|---|
| Stock Price ($) | 68.20 | 152.55 | 123.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,147 | 4,136 | 31.4% |
| Net Income Margin (%) | 0.3% | 5.5% | 1576.7% |
| P/E Multiple | 105.8 | 11.0 | -89.6% |
| Shares Outstanding (Mil) | 16 | 16 | -2.3% |
| Cumulative Contribution | 123.7% |
Market Drivers
8/31/2023 to 9/26/2026| Return | Correlation | |
|---|---|---|
| KALU | 123.7% | |
| Market (SPY) | 77.8% | 50.0% |
| Sector (XLB) | 27.3% | 54.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| KALU Return | -2% | -16% | -2% | 3% | 70% | 34% | 88% |
| Peers Return | 64% | -13% | 36% | 8% | 49% | 8% | 233% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| KALU Win Rate | 42% | 50% | 42% | 50% | 75% | 56% | |
| Peers Win Rate | 62% | 40% | 54% | 48% | 67% | 64% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| KALU Max Drawdown | -35% | -41% | -40% | -34% | -33% | -26% | |
| Peers Max Drawdown | -32% | -52% | -38% | -35% | -31% | -33% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AA, CENX, RS, WOR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/25/2026 (YTD)
How Low Can It Go
| Event | KALU | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -29.6% | -18.8% |
| % Gain to Breakeven | 42.1% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -25.8% | -7.8% |
| % Gain to Breakeven | 34.8% | 8.5% |
| Time to Breakeven | 336 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -32.0% | -9.5% |
| % Gain to Breakeven | 47.1% | 10.5% |
| Time to Breakeven | 144 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -32.0% | -6.7% |
| % Gain to Breakeven | 47.0% | 7.1% |
| Time to Breakeven | 330 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -35.3% | -24.5% |
| % Gain to Breakeven | 54.4% | 32.4% |
| Time to Breakeven | 45 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -45.9% | -33.7% |
| % Gain to Breakeven | 85.0% | 50.9% |
| Time to Breakeven | 291 days | 140 days |
In The Past
Kaiser Aluminum's stock fell -29.6% during the 2025 US Tariff Shock. Such a loss loss requires a 42.1% gain to breakeven.
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| Event | KALU | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -29.6% | -18.8% |
| % Gain to Breakeven | 42.1% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -25.8% | -7.8% |
| % Gain to Breakeven | 34.8% | 8.5% |
| Time to Breakeven | 336 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -32.0% | -9.5% |
| % Gain to Breakeven | 47.1% | 10.5% |
| Time to Breakeven | 144 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -32.0% | -6.7% |
| % Gain to Breakeven | 47.0% | 7.1% |
| Time to Breakeven | 330 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -35.3% | -24.5% |
| % Gain to Breakeven | 54.4% | 32.4% |
| Time to Breakeven | 45 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -45.9% | -33.7% |
| % Gain to Breakeven | 85.0% | 50.9% |
| Time to Breakeven | 291 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -24.3% | -19.2% |
| % Gain to Breakeven | 32.1% | 23.8% |
| Time to Breakeven | 63 days | 105 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.3% | -17.9% |
| % Gain to Breakeven | 35.7% | 21.8% |
| Time to Breakeven | 298 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -80.4% | -53.4% |
| % Gain to Breakeven | 409.4% | 114.4% |
| Time to Breakeven | 1756 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -24.6% | -8.6% |
| % Gain to Breakeven | 32.6% | 9.5% |
| Time to Breakeven | 54 days | 47 days |
In The Past
Kaiser Aluminum's stock fell -29.6% during the 2025 US Tariff Shock. Such a loss loss requires a 42.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Kaiser Aluminum (KALU)
Kaiser Aluminum Corporation (KALU) is a manufacturer and supplier of semi-fabricated specialty aluminum mill products. The company primarily focuses on producing rolled, extruded, and drawn aluminum components, in addition to offering fabrication services such as sawing and cutting to length.
KALU's extensive product offerings serve a variety of critical industrial applications. For the aerospace and defense sectors, it provides specialized aluminum products. The automotive industry utilizes Kaiser Aluminum's extruded components for structural parts, crash management systems, anti-lock braking systems, and drawn tubes for drive shafts. Furthermore, the company is a key supplier to the beverage and food packaging industry, producing bare and coated 3000- and 5000-series alloy aluminum coil.
Beyond these, Kaiser Aluminum also manufactures general engineering products, including alloy plate, sheet, rod, bar, tube, and wire. These are essential for diverse uses ranging from military vehicles and ordnance to semiconductor manufacturing cells, electronic devices, and industrial machinery parts. The company sells its products directly to customers in North America, Europe, and China, and through independent agents in other regions, catering to a global base across specialized industrial and packaging markets.
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Here are 1-3 brief analogies for Kaiser Aluminum (KALU):
- TSMC for aluminum: Like TSMC fabricates specialized semiconductor chips that power countless electronic devices, Kaiser Aluminum processes and supplies specialty aluminum products that are foundational components for industries like aerospace, automotive, and packaging.
- Corning, but focused on specialty aluminum materials: Just as Corning specializes in advanced glass and ceramics for various high-tech applications (like Gorilla Glass or fiber optics), Kaiser Aluminum specializes in high-performance aluminum products for diverse industrial uses, from airplane parts to beverage cans.
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- Aerospace and Defense Products: Rolled, extruded, and drawn aluminum products manufactured for aerospace and defense applications.
- Aluminum Beverage and Food Packaging Products: Bare and coated 3000- and 5000-series alloy aluminum coil used for the beverage and food packaging industry.
- Automotive Products: Extruded aluminum products for structural components, crash management systems, and anti-lock braking systems, plus drawn tubes for drive shafts and associated fabrication services.
- General Engineering Products: Alloy plate, sheet, rod, bar, tube, wire, and standard extrusion shapes utilized in a wide range of industrial and military applications.
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Kaiser Aluminum (symbol: KALU) sells its semi-fabricated specialty aluminum mill products primarily to other companies, not directly to individuals. The provided background describes the industries and applications for its products but does not explicitly name specific customer companies.
Based on the company description, Kaiser Aluminum's major customers are companies operating in the following sectors:
- Aerospace and Defense: Customers in this sector utilize Kaiser Aluminum's products for applications such as aircraft components, military vehicles, and ordnances.
- Aluminum Beverage and Food Packaging: These customers use Kaiser Aluminum's bare and coated 3000- and 5000-series alloy aluminum coil for producing beverage and food cans.
- Automotive: Companies in the automotive industry purchase Kaiser Aluminum's extrusions and drawn tubes for structural components, crash management systems, anti-lock braking systems, and drive shafts.
- General Engineering: This broad category includes customers that use Kaiser Aluminum's alloy plate, sheet, rod, bar, tube, wire, and standard extrusion shapes for diverse applications, including semiconductor manufacturing cells, electronic devices, after-market motor sport parts, tooling plates, and components for machinery and equipment.
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Keith A. Harvey
Chairman of the Board, President and Chief Executive Officer
Keith A. Harvey has served as Chairman of the Board, President, and Chief Executive Officer of Kaiser Aluminum Corporation. He was appointed to his current CEO position in July 2020, and as Chairman of the Board effective January 1, 2025. Mr. Harvey joined Kaiser Aluminum in 1981 as an industrial engineer at the company's rolling mill in West Virginia. Throughout his career at Kaiser, he has held increasingly responsible positions in engineering and sales at various company locations, and was named a Vice President in 1994. Prior to his current role, he served as President and Chief Operating Officer from December 2015. Under his leadership as CEO, Kaiser Aluminum completed its largest acquisition in company history, which doubled the size of the company and expanded its presence in sustainable aluminum packaging for beverage and food can products. No information found suggesting Mr. Harvey founded or managed other companies, sold companies to an acquirer, or has a pattern of managing private equity-backed companies.
Neal E. West
Executive Vice President and Chief Financial Officer
Neal E. West is the Executive Vice President and Chief Financial Officer of Kaiser Aluminum Corporation. He joined the company in 2008 as Vice President and Chief Accounting Officer, was named Chief Financial Officer in early 2019, and assumed his current position as Executive Vice President in March 2021. Before joining Kaiser Aluminum, Mr. West served as Vice President and Principal Accounting Officer at Gateway, Inc. He also held several roles over 19 years with Neptune Orient Lines/APL, a global container shipping and logistics company. No information found suggesting Mr. West founded or managed other companies, sold companies to an acquirer, or has a pattern of managing private equity-backed companies.
John M. Donnan
Executive Vice President, Chief Administrative Officer and General Counsel
John M. Donnan serves as Executive Vice President, Chief Administrative Officer and General Counsel for Kaiser Aluminum Corporation. He began his career with the company in 1993 as Associate Corporate Counsel. He was later appointed Deputy General Counsel in 2000 and General Counsel in 2007. Before his appointment to his current executive role in March 2021, Mr. Donnan was Executive Vice President – Legal, Compliance and Human Resources. He oversees the company's corporate legal, compliance, internal audit, and human resources functions. Prior to joining Kaiser Aluminum, Mr. Donnan was an associate in the Corporate/Securities section of Chamberlain Hrdlicka.
Vijai Narayan
Vice President and Chief Accounting Officer
Vijai Narayan is the Vice President and Chief Accounting Officer of Kaiser Aluminum Corporation, a role he assumed effective June 7, 2023. He joined the company in November 2022 as Vice President – Finance. Before his tenure at Kaiser Aluminum, Mr. Narayan served as Vice President Finance and Controller of eviCore Healthcare. He also worked as a Partner at Ernst & Young LLP in the Financial Accounting Advisory Services practice. Mr. Narayan brings over 20 years of accounting experience across various industries, including glass and plastics manufacturing, automotive, and real estate.
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The key risks to Kaiser Aluminum's business include:
- Cyclicality of End Markets and Economic Uncertainty: Kaiser Aluminum's performance is highly susceptible to macroeconomic factors and the cyclical nature of its key end markets, particularly aerospace, automotive, general engineering, and packaging. Fluctuations in global economic conditions, such as inflation, recession risks, and supply chain disruptions, can lead to significant downturns in demand for the company's specialized aluminum products. For example, the aerospace sector can experience decreased shipments due to inventory destocking, and the automotive sector is affected by production rates and consumer demand for vehicles.
- Raw Material and Energy Price Volatility: Fluctuations in the prices of raw materials, primarily aluminum and various alloys, directly impact Kaiser Aluminum's cost structure and profitability. While the company aims for "metal price neutrality" by generally passing these costs through to customers, competitive dynamics in some higher-margin, spot-basis products can limit or delay the timing of selling price increases. This creates a lag during which the company may be exposed to metal price risk, adversely affecting its earnings when prices rise. Additionally, the aluminum production process is highly energy-intensive, making the company vulnerable to rising energy costs.
- Intense Competition and High Capital Requirements: The specialty aluminum industry is highly competitive, with Kaiser Aluminum facing challenges from both larger competitors with greater financial resources and smaller, specialized players. Maintaining and enhancing its market position requires continuous innovation, operational efficiency, and substantial ongoing capital investments to upgrade infrastructure and specialized equipment. This capital-intensive nature of the business can strain the company's financial resources, requiring a careful balance between capital expenditures and operational profitability.
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Kaiser Aluminum Corporation (KALU) operates in several key addressable markets for its semi-fabricated specialty aluminum mill products. Below are the estimated market sizes for their main products and services:
- Aerospace and Defense Aluminum Products: The global Aluminium Alloy for Aerospace Application market size was approximately USD 8.82 billion in 2024 and is projected to reach approximately USD 15.11 billion by 2031, with a compound annual growth rate (CAGR) of 8.00%.
- Aluminum Beverage Packaging: The global Aluminum Beverage Packaging Market was valued at USD 47.9 billion in 2025 and is projected to reach USD 78.8 billion by the end of 2035, growing at a CAGR of 5.7%.
- Aluminum Food Packaging: The global Aluminium Food Containers market is currently valued at an estimated USD 10.5 billion and is projected to reach approximately USD 13.3 billion by 2029, exhibiting a CAGR of 4.8%.
- Automotive Extrusions: The global automotive aluminum extrusion market size is calculated at USD 98.30 billion in 2025 and is predicted to increase to approximately USD 214.76 billion by 2035, expanding at a CAGR of 8.13%.
- General Engineering Products (Extruded Products): The global aluminium-extruded products market size was valued at USD 53.89 billion in 2024 and is expected to reach USD 75.01 billion by 2032, at a CAGR of 4.22%.
- General Engineering Products (Flat Products - Plate, Sheet): The global aluminum flat products market is estimated to be valued at USD 70.7 billion in 2025 and is projected to reach USD 110.9 billion by 2035, registering a CAGR of 4.6%.
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Kaiser Aluminum Corporation (KALU) is expected to experience future revenue growth over the next 2-3 years driven by several key factors:
- Growth in Aerospace and High-Strength Products: The company anticipates a significant increase in shipments for its aerospace and high-strength products, projecting a 10% to 15% rise in 2026, with conversion revenue in this segment expected to grow by approximately 5% to 10%. This growth is supported by additional plate capacity from investments like the Trentwood Phase 7 installation.
- Expansion in the Packaging Segment with Higher-Value Coated Products: Kaiser Aluminum is strategically focusing on its packaging segment, particularly with the full commissioning and qualification of its new roll coat line at the Warrick rolling mill. This initiative is expected to drive a shift towards higher-value coated products, with packaging shipments targeted to grow 5% to 10% and conversion revenue in this segment projected to increase by 15% to 20% in 2026.
- Increased Production Capacity and Operational Efficiency from Strategic Investments: The completion and ramp-up of major growth projects at its Trentwood and Warrick rolling mills are crucial for enhancing overall production capacity and improving operational efficiency. These strategic investments are designed to meet increasing demand across key markets and are anticipated to reach their full potential by 2026, contributing to overall conversion revenue and EBITDA growth.
- Growth in General Engineering Products: Kaiser Aluminum forecasts a consistent increase in its general engineering product shipments and conversion revenue. This segment is expected to grow by 3% to 5% year-over-year.
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Capital Allocation Decisions (2021-2026)
Share Repurchases
- Kaiser Aluminum has a historical practice of returning capital to shareholders through share repurchases, with approximately $474 million in share repurchases from 2007 to 2025 as part of a total of over $1 billion returned to shareholders.
- No specific dollar amounts of share repurchases made or authorized for the 2021-2026 period were found in the provided information.
Share Issuance
- On March 5, 2026, an SVP received a grant of 852 shares of common stock as restricted stock units under the company's 2021 Equity and Incentive Compensation Plan.
- On February 23, 2026, an EVP received an equity grant of 440 shares of common stock in the form of restricted stock units under the 2021 Equity and Incentive Compensation Plan.
- On March 5, 2026, the CFO received 3,905 restricted stock units and acquired 12,296 shares from performance shares granted in 2023 under the 2021 Equity and Incentive Compensation Plan.
Outbound Investments
- The company acquired Warrick for can stock on March 31, 2021, as part of its inorganic growth strategy.
Capital Expenditures
- Capital expenditures totaled $136.9 million in 2025 and $180.8 million in 2024.
- For 2026, capital spending is anticipated to be approximately $120.0 million to $130.0 million.
- These investments are primarily focused on supporting demand growth through capacity expansion, sustaining operations, enhancing product quality, and increasing operating efficiencies, including the commissioning of a new roll coat line at Warrick in 2025 and the Phase VII expansion at the Trentwood rolling mill.
Peer Outperformance in Aluminum
nullShare of Aluminum constituents that KALU has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
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insufficient peer history
3Y
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insufficient peer history
5Y
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insufficient peer history
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Median price return by industry across the Materials sector, ranked by 5Y. Aluminum is KALU's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Copper | 7 | 83.2% | 115.3% | 324.3% | COPR 153400% · TGB 368% · HBM 337% |
| Gold | 38 | 19.7% | 224.8% | 164.2% | AUGO 967% · IAG 783% · AU 611% |
| Silver | 6 | 72.0% | 338.1% | 159.9% | AYA 378% · HL 233% · SVM 197% |
| Steel | 13 | 17.8% | 34.1% | 156.3% | HCC 344% · STLD 308% · NWPX 307% |
| Aluminum ← | 4 | 49.8% | 102.1% | 44.8% | CENX 171% · KALU 62% · CSTM 28% |
| Construction Materials | 9 | -22.8% | 16.5% | 43.0% | USLM 374% · CRH 83% · SMID 73% |
| Diversified Metals & Mining | 24 | -21.0% | -15.7% | 14.1% | ATLX 192757% · USAR 50840% · TII 702% |
| Paper & Plastic Packaging Products & Materials | 7 | 12.3% | 10.9% | -8.0% | PKG 91% · CCK 11% · SON 0% |
| Metal, Glass & Plastic Containers | 12 | 2.4% | 13.5% | -15.1% | KRT 207% · MYE 81% · GEF 49% |
| Specialty Chemicals | 42 | 11.9% | 3.8% | -18.2% | ODC 470% · NEU 192% · CMT 100% |
| Precious Metals & Minerals | 8 | 14.7% | 182.2% | -27.7% | ASM 618% · PPTA 361% · MTA 46% |
| Diversified Chemicals | 4 | -0.6% | -25.2% | -28.8% | CBT 71% · ASH -15% · CC -43% |
| Commodity Chemicals | 12 | 12.4% | -18.0% | -31.4% | HWKN 287% · KOP 47% · MEOH 33% |
| Fertilizers & Agricultural Chemicals | 10 | -12.1% | -9.5% | -43.6% | CF 127% · CTVA 91% · NTR 30% |
| Paper Products | 4 | -29.0% | -52.8% | -70.5% | SLVM 23% · CLW -45% · ITP -96% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 62.24 |
| Mkt Cap | 3.8 |
| Rev LTM | 4,136 |
| Op Inc LTM | 389 |
| FCF LTM | 170 |
| FCF 3Y Avg | 179 |
| CFO LTM | 341 |
| CFO 3Y Avg | 242 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 15.4% |
| Rev Chg 3Y Avg | 5.6% |
| Rev Chg Q | 26.5% |
| QoQ Delta Rev Chg LTM | 6.5% |
| Op Inc Chg LTM | 64.6% |
| Op Inc Chg 3Y Avg | 397.3% |
| Op Mgn LTM | 7.9% |
| Op Mgn 3Y Avg | 6.3% |
| QoQ Delta Op Mgn LTM | 1.6% |
| CFO/Rev LTM | 7.7% |
| CFO/Rev 3Y Avg | 6.7% |
| FCF/Rev LTM | 3.4% |
| FCF/Rev 3Y Avg | 1.6% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Production of semi-fabricated specialty aluminum mill products, such as plate and sheet, bare | 3,373 | 3,024 | 3,087 | 3,428 | 2,622 |
| Total | 3,373 | 3,024 | 3,087 | 3,428 | 2,622 |
| $ Mil | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|
| Fabricated Products | 201 | 230 | 191 | 151 | 189 |
| All Other | -51 | -52 | -537 | -14 | -15 |
| Total | 151 | 178 | -346 | 138 | 173 |
| $ Mil | 2025 | 2024 | 2023 |
|---|---|---|---|
| Production of semi-fabricated specialty aluminum mill products, such as plate and sheet, bare | 112 | 66 | 68 |
| Total | 112 | 66 | 68 |
| $ Mil | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|
| Fabricated Products | 1,047 | 969 | 905 | 879 | 852 |
| All Other | 338 | 474 | 345 | 865 | 918 |
| Total | 1,385 | 1,444 | 1,250 | 1,744 | 1,771 |
Price Behavior
Price Behavior
| Market Price | $152.55 | |
| Market Cap ($ Bil) | 2.5 | |
| First Trading Date | 07/07/2006 | |
| Distance from 52W High | -21.7% | |
| 50 Days | 200 Days | |
| DMA Price | $163.03 | $149.49 |
| DMA Trend | up | down |
| Distance from DMA | -6.4% | 2.0% |
| 3M | 1YR | |
| Volatility | 60.2% | 52.4% |
| Downside Capture | 239.83 | 182.28 |
| Upside Capture | 78.80 | 230.45 |
| Correlation (SPY) | 27.8% | 43.8% |
KALU Betas & Captures as of 8/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.38 | 2.15 | 1.75 | 1.96 | 1.83 | 1.49 |
| Up Beta | 3.43 | 4.22 | 2.10 | 1.70 | 1.63 | 1.27 |
| Down Beta | 10.47 | 0.94 | 1.24 | 1.67 | 1.24 | 1.30 |
| Up Capture | 212% | 88% | 155% | 285% | 474% | 736% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 12 | 19 | 31 | 67 | 138 | 393 |
| Down Capture | 348% | 241% | 200% | 180% | 146% | 110% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 9 | 23 | 33 | 60 | 113 | 357 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KALU | |
|---|---|---|---|---|
| KALU | 111.1% | 52.4% | 1.60 | - |
| Sector ETF (XLB) | 13.5% | 17.9% | 0.55 | 44.7% |
| Equity (SPY) | 17.7% | 13.0% | 0.98 | 43.6% |
| Gold (GLD) | 14.7% | 29.3% | 0.46 | 27.2% |
| Commodities (DBC) | 44.3% | 20.7% | 1.66 | -2.8% |
| Real Estate (VNQ) | 4.5% | 13.6% | 0.07 | 7.8% |
| Bitcoin (BTCUSD) | -25.9% | 44.8% | -0.54 | 15.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KALU | |
|---|---|---|---|---|
| KALU | 10.3% | 45.5% | 0.36 | - |
| Sector ETF (XLB) | 6.2% | 19.1% | 0.21 | 58.6% |
| Equity (SPY) | 13.3% | 17.2% | 0.59 | 51.4% |
| Gold (GLD) | 19.2% | 18.8% | 0.83 | 16.5% |
| Commodities (DBC) | 10.8% | 19.6% | 0.43 | 17.6% |
| Real Estate (VNQ) | 0.9% | 18.9% | -0.06 | 38.6% |
| Bitcoin (BTCUSD) | 12.2% | 52.6% | 0.41 | 21.4% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KALU | |
|---|---|---|---|---|
| KALU | 9.6% | 42.9% | 0.36 | - |
| Sector ETF (XLB) | 9.9% | 20.7% | 0.42 | 62.4% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 55.9% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 10.9% |
| Commodities (DBC) | 8.5% | 18.1% | 0.38 | 26.6% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.19 | 44.5% |
| Bitcoin (BTCUSD) | 63.8% | 66.2% | 1.03 | 16.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/24/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/22/2026 | 9.9% | -7.4% | -7.6% |
| 4/22/2026 | 1.1% | 6.3% | 4.4% |
| 2/18/2026 | -8.8% | -5.2% | -19.7% |
| 10/22/2025 | 19.5% | 19.9% | 16.0% |
| 7/23/2025 | -4.9% | -15.2% | -17.5% |
| 4/23/2025 | 5.9% | 10.8% | 19.9% |
| 2/19/2025 | 4.9% | -0.7% | -3.1% |
| 10/23/2024 | -0.4% | 14.9% | 21.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 13 | 12 |
| # Negative | 12 | 11 | 12 |
| Median Positive | 5.4% | 6.3% | 12.6% |
| Median Negative | -5.4% | -7.4% | -9.3% |
| Max Positive | 19.5% | 21.2% | 38.0% |
| Max Negative | -15.2% | -15.2% | -23.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/22/2026 | 9.9% | -7.4% | -7.6% |
| 4/22/2026 | 1.1% | 6.3% | 4.4% |
| 2/18/2026 | -8.8% | -5.2% | -19.7% |
| 10/22/2025 | 19.5% | 19.9% | 16.0% |
| 7/23/2025 | -4.9% | -15.2% | -17.5% |
| 4/23/2025 | 5.9% | 10.8% | 19.9% |
| 2/19/2025 | 4.9% | -0.7% | -3.1% |
| 10/23/2024 | -0.4% | 14.9% | 21.6% |
| 7/24/2024 | -15.2% | -14.5% | -23.0% |
| 4/24/2024 | 1.3% | 5.2% | 9.3% |
| 2/21/2024 | 6.9% | 6.4% | 24.2% |
| 10/25/2023 | -7.6% | -9.9% | -4.8% |
| 7/25/2023 | 2.8% | 1.2% | -9.0% |
| 4/26/2023 | 10.6% | 5.8% | 7.7% |
| 1/26/2023 | -2.3% | 4.0% | -14.4% |
| 10/19/2022 | 13.2% | 21.2% | 38.0% |
| 7/25/2022 | 0.1% | 2.1% | 5.4% |
| 4/20/2022 | -1.4% | -4.7% | -4.8% |
| 2/23/2022 | -7.7% | -8.5% | -5.9% |
| 10/20/2021 | -10.5% | -12.3% | -9.7% |
| 7/21/2021 | -5.8% | 2.4% | 1.1% |
| 4/28/2021 | -3.2% | 10.7% | 5.7% |
| 2/24/2021 | -3.6% | -0.0% | -11.9% |
| 10/21/2020 | 2.4% | -3.6% | 21.7% |
| SUMMARY STATS | |||
| # Positive | 12 | 13 | 12 |
| # Negative | 12 | 11 | 12 |
| Median Positive | 5.4% | 6.3% | 12.6% |
| Median Negative | -5.4% | -7.4% | -9.3% |
| Max Positive | 19.5% | 21.2% | 38.0% |
| Max Negative | -15.2% | -15.2% | -23.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/23/2026 | 10-Q |
| 03/31/2026 | 04/23/2026 | 10-Q |
| 12/31/2025 | 02/19/2026 | 10-K |
| 09/30/2025 | 10/23/2025 | 10-Q |
| 06/30/2025 | 07/24/2025 | 10-Q |
| 03/31/2025 | 04/24/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 10/24/2024 | 10-Q |
| 06/30/2024 | 07/26/2024 | 10-Q |
| 03/31/2024 | 04/25/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 07/28/2023 | 10-Q |
| 03/31/2023 | 04/28/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 10/25/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/23/2026 | 10-Q |
| 03/31/2026 | 04/23/2026 | 10-Q |
| 12/31/2025 | 02/19/2026 | 10-K |
| 09/30/2025 | 10/23/2025 | 10-Q |
| 06/30/2025 | 07/24/2025 | 10-Q |
| 03/31/2025 | 04/24/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 10/24/2024 | 10-Q |
| 06/30/2024 | 07/26/2024 | 10-Q |
| 03/31/2024 | 04/25/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 07/28/2023 | 10-Q |
| 03/31/2023 | 04/28/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 10/25/2022 | 10-Q |
| 06/30/2022 | 07/28/2022 | 10-Q |
| 03/31/2022 | 04/25/2022 | 10-Q |
| 12/31/2021 | 03/01/2022 | 10-K |
| 09/30/2021 | 10/26/2021 | 10-Q |
| 06/30/2021 | 07/26/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 02/26/2021 | 10-K |
| 09/30/2020 | 10/26/2020 | 10-Q |
| 06/30/2020 | 07/28/2020 | 10-Q |
| 03/31/2020 | 04/21/2020 | 10-Q |
| 12/31/2019 | 02/25/2020 | 10-K |
| 09/30/2019 | 10/25/2019 | 10-Q |
Recent Forward Guidance
Updated 7/27/2026Latest: Q2 2026 Earnings Reported 7/22/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Conversion Revenue Growth | Reported | 15.0% | 15.0% | 15.0% | 2.5% | Raised | Guidance: 12.5% for 2026 | |
| 2026 Adjusted EBITDA Growth | Reported | 45.0% | 50.0% | 55.0% | 25.0% | Raised | Guidance: 25.0% for 2026 | |
Prior: Q1 2026 Earnings Reported 4/22/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Conversion Revenue Growth | Reported | 10.0% | 12.5% | 15.0% | 66.7% | 5.0% | Raised | Guidance: 7.5% for 2026 |
| 2026 Adjusted EBITDA Growth | Reported | 20.0% | 25.0% | 30.0% | 150.0% | 15.0% | Raised | Guidance: 10.0% for 2026 |
Q4 2025 Earnings Reported 2/18/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Conversion Revenue Growth | Reported | 5.0% | 7.5% | 10.0% | 5.0% | Higher New | Actual: 2.5% for 2025 | |
| 2026 Adjusted EBITDA Growth | Reported | 5.0% | 10.0% | 15.0% | -12.5% | Lower New | Actual: 22.5% for 2025 | |
Q3 2025 Earnings Reported 10/22/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Conversion Revenue Growth | Reported | 0.0% | 2.5% | 5.0% | -5.0% | Lowered | Guidance: 7.5% for 2025 | |
| 2025 Adjusted EBITDA Growth | Reported | 20.0% | 22.5% | 25.0% | 10.0% | Raised | Guidance: 12.5% for 2025 | |
Insider Activity
Updated 6/5/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Grimley, Richard P | Direct | Sell | 5012026 | 171.52 | 1,524 | 261,396 | 785,219 | Form | |
| 2 | Harvey, Keith | President & CEO | Direct | Sell | 5012026 | 173.13 | 3,031 | 524,757 | 16,327,544 | Form |
| 3 | West, Neal E | EVP & CFO | West Family Trust | Sell | 4292026 | 173.29 | 5,000 | 866,450 | 3,308,279 | Form |
| 4 | Wilcox, Brett | Wilcox Revocable Trust | Sell | 4292026 | 174.44 | 15,000 | 2,616,600 | 1,724,688 | Form | |
| 5 | Donnan, John Malcolm | EVP, CAO and GC | Direct | Sell | 4292026 | 178.20 | 2,743 | 488,807 | 5,292,585 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Grimley, Richard P | Direct | Sell | 5012026 | 171.52 | 1,524 | 261,396 | 785,219 | Form | |
| 2 | Harvey, Keith | President & CEO | Direct | Sell | 5012026 | 173.13 | 3,031 | 524,757 | 16,327,544 | Form |
| 3 | West, Neal E | EVP & CFO | West Family Trust | Sell | 4292026 | 173.29 | 5,000 | 866,450 | 3,308,279 | Form |
| 4 | Wilcox, Brett | Wilcox Revocable Trust | Sell | 4292026 | 174.44 | 15,000 | 2,616,600 | 1,724,688 | Form | |
| 5 | Donnan, John Malcolm | EVP, CAO and GC | Direct | Sell | 4292026 | 178.20 | 2,743 | 488,807 | 5,292,585 | Form |
| 6 | Gheorghe, Iulian | SVP - Adv Eng & Innovation | Direct | Sell | 4292026 | 174.22 | 175 | 30,488 | 774,931 | Form |
| 7 | Harvey, Keith | President & CEO | Direct | Sell | 4292026 | 175.09 | 47,001 | 8,229,405 | 17,043,086 | Form |
| 8 | Donnan, John Malcolm | EVP, CAO and GC | Direct | Sell | 2252026 | 125.08 | 18,461 | 2,309,024 | 2,777,308 | Form |
| 9 | West, Neal E | EVP & CFO | West Family Trust | Sell | 2252026 | 121.72 | 5,000 | 608,600 | 1,554,973 | Form |
| 10 | Tiffany, Blain | EVP - Sales & Marketing | Direct | Sell | 11102025 | 93.92 | 8,656 | 812,997 | 2,467,827 | Form |
Investor Activity (13F)
Updated Sep 27, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Materials Resources |
| Chemical & Engineering News (C&EN) |
| Mining.com |
| Plastics News |
| Aluminum Resources |
| Light Metal Age |
| Aluminium International Today |
| The Aluminum Association |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 9/26/2026