Key Developments in the Cannabis Sector Last Week
The week ending February 16 wasn’t so positive for marijuana stocks even though the broader market indexes ended in the positive territory.
During 4Q17, CF Industries received a one-time tax benefit of $491.0 million, or $2.09 per share, from the lowered corporate taxes in the US.
In 4Q17, CF Industries saw an improvement in profitability due to an increase in production, selling prices, and operating efficiencies.
Has Aluminum Found a Way to Live with Higher Chinese Exports?
Higher Chinese aluminum exports are a risk for aluminum markets. The markets have found a way to live with Chinese aluminum exports—at least for now.
While aluminum’s (XME) upside could be limited this year after two years of strong gains, there is no reason to expect a sharp fall in prices.
Alcoa (AA) generated free cash flows (or FCF) of $305 million in 4Q17, taking its fiscal 2017 FCF to $819 million.
Must-know: Factors that influence the cement industry
The cement industry is highly affected by regulatory norms. This is prominent in developed countries where environmental issues are more stringent. This adds to the companies’ costs.
An increased focus on infrastructure development increases cement demand. This effect is prominent in emerging economies. A substantial portion of this demand comes from infrastructure projects. The projects are funded by the government.
The cement industry relies on power. Power and fuel costs account for ~30% of the price of cement when it’s sold. As a result, power and fuel have a major impact on the company’s operating expenditure.
Eastman Chemical Launches Insoluble Sulfur—Crystex Cure Pro
On February 16, 2018, Eastman Chemical (EMN) announced the launch of Eastman Cure Pro, its next generation of insoluble sulfur. This new sulfur is a vulcanizing agent that has high…
For the week ended February 16, 2018, Ashland’s (ASH) stock price gained 3.5% and closed at $72.24.
Sherwin-Williams (SHW) gained 0.9% and closed at $402.30 for the week ended February 16, 2018.
What Makes Grasberg the Crown Jewel of Freeport’s Portfolio
As we noted in the previous part of this series, Freeport-McMoRan (FCX) expects its unit cash costs to fall in 2018.
In the previous part of this series, we looked at leading copper miners’ 4Q17 unit cash costs.
Previously in this series, we looked at copper miners’ 4Q17 production profiles and 2018 guidance.
Could Import Tariffs Help US Steelmakers Regain Market Share?
Although Donald Trump had resolved to protect the domestic US steel industry from the onslaught of subsidized imports, they rose in 2017. Year-over-year (or YoY), imports rose every month from November…
On February 16, 2018, the US Department of Commerce released its recommendations for the Section 232 probe into steel and aluminum imports.
At one point following Credit Suisse’s (CS) upgrade, Cleveland-Cliffs (CLF) stock was trading at a rise of more than 6% on February 7, 2018.
How Does SQM Compare to Its Peers?
SQM has outperformed its peers based on PE ratio. The PE ratios of SQM, POT, MOS, and CMP are 20.3x, 11.5x, 9.6x, and 15.4x, respectively, as of November 17, 2015.
Sociedad Química y Minera de Chile (SQM) has a market cap of $5.7 billion. After the company’s 3Q15 earnings report, SQM fell by 5.6% to close at $18.49 per share on November 17, 2015.
Looking ahead, SRC said it has seen the early signs of a recovery in the resource sector, and expects it to continue to be a challenging environment for many commodities-focused businesses throughout 2014 and into 2015.
Kinross Gold’s Strong Financial Position Could Support Growth
Kinross Gold’s (KGC) liquidity position at the end of 4Q17 wasn’t much different from the end of 3Q17.
Compared to its closest peers, Kinross Gold (KGC) has been a higher-cost gold producer.
Kinross Gold (KGC) also provided an update on its organic development projects along with the 4Q17 and 2017 results.
Understanding Environmental Regulations and Efficiency Trends in Specialty Chemicals
Greater community awareness toward the degradation of the atmosphere is forcing specialty chemical companies to comply with environmental regulations.
When the specialty chemicals industry entered a mature phase in the mid-1990s, innovation came to be characterized by small steps rather than by big leaps.
Companies in the specialty chemical industry have fewer intermediaries in their distribution range as they move from coatings to more specialized chemicals.