Aluminum has risen to prominence as one of the essential metals in modern society. For its wide range of uses, it is the most sought-after metal. As a result, many companies and businesses are engaged in the exploration, extraction, mining, processing, development, fabrication, and manufacturing of aluminum, one of the world’s most abundant metals.
Which of the several aluminum stocks in the broad basket has the best year-over-year returns? Which aluminum stock stood out among the vast number of contenders?
Aluminum stocks with the most significant returns in 2022 are discussed in this article.
Can you make real money with aluminum stocks?
Yes, these stocks hold solid potential, which can help you generate a good amount of profit if you invest in them for the long term.
How to earn with aluminum stocks?
You can buy aluminum stocks and HODL. Besides, you can also indulge in trading these stocks to profit.
How to start with aluminum stocks?
There are several platforms where you can buy and invest in stocks. Aluminum stocks are listed on several platforms.
Top 5 best aluminum stocks to invest in
Century Aluminum (CENX)
Summary
Since its inception in 1995, Century Aluminum has evolved to become the nation’s top producer of value-added primary aluminum products. There are three smelters in the United States and two in Europe (Iceland and the Netherlands), and the company is always looking to extend its holdings.
To put it another way, Century Aluminum’s success is a direct result of the company’s dedication to environmental stewardship.
For example, the company’s Icelandic manufacturing produces low-carbon items like Natur-Al with carbon emissions that are less than a fifth of industry standards, using only 100% renewable energy.
2021 was set aside to work with wind farm operator Qair to capture CO2 and repurpose it as fuel at a facility that Qair plans to build close to the smelter.
CENX price forecast 2022
The stock price of CENX could reach $15.84 by 2022. This price prediction represents a +12.02% gain over the current price of $11.63.
CENX price forecast 2025
The stock price of CENX could reach $14.85 by 2025. This price prediction represents a +3.99% gain over the current price of $11.63.
Kaiser Aluminum (KALU)
Summary
Henry J. Kaiser founded Kaiser Aluminum in 1945, and the company has come a long way since then. Aluminum sheets, rod bars, and tubes for packing are among the 400 million pounds of aluminum products the company has produced since its beginning in North America.
An aggressive acquirer, this aluminum firm has continuously achieved excellent net profits throughout the years, with net income topping $1.5 billion in 2020. As a result, investors should look at Kaiser Aluminum stocks in the automotive and aerospace industries.
As predicted by ResearchandMarkets.com, the global aerospace industry will grow at a CAGR of more than 7% between 2020 and 2025 to reach $425 billion in market value by the end of the forecast period. In addition, analysts project that automobile production will grow from 85 million units in 2020 to 122 million units by 2030, increasing more than a third.
KALU price forecast 2022
The stock price of KALU can reach $97.97 by 2022. This price prediction represents a +3.08% gain over the current price of $102.26.
KALU price forecast 2025
The stock price of KALU could reach $99.96 by 2025. This price prediction represents a -0.03% loss over the current price of $102.26.
Howmet Aerospace Inc. (HWM)
Summary
Engineered metal goods for transportation and the military, such as trucks and aircraft, are manufactured by Howmet Aerospace Inc. in the United States.
The Ultra ONE forged aluminum wheels are one of the company’s most intriguing items, despite its prominence as a fighter jet manufacturer. With this truck wheel, manufactured of MagnaForce alloy, you can save 1,400 pounds and let these large long-haul trucks carry more while driving lighter and faster, saving you time and money.
There are two reasons to consider this product: e-commerce and shipping needs. According to Insider Intelligence, US e-commerce sales will top $1 trillion by 2022. This is a two-year jump from the prior estimate. As more people shop for goods online, freight companies must keep up by increasing their fleet of fuel-efficient and cost-effective trucks.
HWM price forecast 2022
The stock price of HWM could reach $75.076 by 2022. This price prediction represents a +2.56% loss over the current price of $33.61.
HWM price forecast 2025
The stock price of HWM could reach $61.437 by 2022. This price prediction represents a +2.37% gain over the current price of $33.61.
Reliance Steel & Aluminum (RS)
Summary
Reliance Steel & Aluminum is the largest metal service center in North America, even though it does not produce aluminum.
As a manufacturer of over 100,000 metal products, this California-based firm provides value-added services such as just-in-time delivery and customization. There are several more reasons to keep this company on your radar, including its wide range of products.
Throughout its 25-year history, Reliance Steel & Aluminum has produced more than 40 distinct brands, which may help diversify your portfolio should the aluminum market experience a downturn.
As a result of the Covid-19 epidemic’s supply chain disruptions and workforce difficulties, their brand diversity has helped them become more resilient over time.
When Reliance Steel & Aluminum’s gross profit margin was 32% in 2021, it had an annual net income of approximately $14 billion, a record for any company. In addition, four acquisitions totaling $1 billion in revenue were also completed over the same period.
RS price forecast 2022
The stock price of RS could reach $201.665 by 2022. This price prediction represents a 1.52% gain over the current price of $184.01.
RS price forecast 2025
The stock price of RS could reach $289.351 by 2025. This price prediction represents a 1.18% gain over the current price of $184.01.
Arconic Corp. (ARNC)
Summary
Arconic Corporation is a US-based manufacturer, engineer, and creator of lightweight metals, particularly aluminum.
In addition to the transportation, automotive, and construction industries, it is also a significant provider of rolled products. As with Reliance Steel & Aluminum, the product catalog of this firm might help you diversify your holdings.
Aluminum, bauxite, and alumina are all processed by Arconic, an Alcoa affiliate. Even though it is now a different company, Alcoa’s leadership, expertise, and knowledge are still beneficial. If you can take advantage of the growth in other areas, it may protect you from significant losses.
ARNC price forecast 2022
The stock price of ARNC could reach $33.66 by 2022. This price prediction represents a +7.51% gain over the current price of $27.77.
ARNC price forecast 2025
The stock price of ARNC could reach $39.2 by 2025. This price prediction represents a +1.14% gain over the current price of $27.77.
Final thoughts
Aluminum is a very adaptable metal. Aluminum is used to hold drinks, construct buildings, fly aircraft, and propel automobiles. According to industry analysts, aluminum demand is expected to expand at a 5% compound annual rate until 2026. A rising global economy after the Covid-19 epidemic and increasing infrastructure expenditure are some of the elements supporting that expectation. We hope you found the list of aluminum stocks we compiled usefully.