When InIBeeni Speak, sometimes we're right. More later, I'm in Delaware and have a phone pre meeting before the meeting meeting and after meeting tomorrow.....

Hiya JFO, I'm not sure what you mean about oil declining into a global slowdown.

 

If you mean a supply side slowdown, AA should be ok, I think. If you mean a demand side slowdown, the price will continue to go down which can only help AA.

 

Current PE Is 18.20, Forward PE is 17.02 and the analysts are looking for a 22% growth rate for f/y 2006.

 

I'm looooong on this and if they meet the numbers, I'll be a very happy camper.

 

In any case, they'll probably just move with the Dow for now, I think....

eggactly been, i see no downside for aa either way... they're  like an airline with pricing power.

 

if no slowdown with higher energy cost -- okay; and,

if a slowdown with lower energy cost -- okay.

 

aa rocks and i've traded it from time to time over the years and i may be long with you very soon.

 

all the best,

jfo

oh no.

trjfo will be long AA!

Bail now everyone.

Short AA.

 

 

 

i've been watchin' ever since been brought it up a few weeks ago... i tink they pay a div too?

 

yes divy.

OOP's sorry, my post was too Jude like so I'll try again:

 

 

Alcoa Awarded Contract to Produce Aluminum Castings for Tactical Tomahawk Missile Program
Thursday December 1, 10:00 am ET

PITTSBURGH--(BUSINESS WIRE)--Dec. 1, 2005--Alcoa (NYSE:AA - News) announced today that its Alcoa Forged Products and Aluminum Castings business has signed a five-year contract with Klune Industries, a supplier of finish-machined parts to prime contractor Raytheon, to manufacture high-strength aluminum structural castings for the U. S. Navy's Tactical Tomahawk missile. The contact is valued at nearly $30 million.
 
 
"This program has given us an opportunity to demonstrate the value of the aluminum-investment-casting process for critical defense applications, while also showcasing our ability to provide cost-effective, high-strength missile components in aluminum and titanium," said Joseph Haniford, Vice President and General Manager of Alcoa Forged Products and Aluminum Castings. "We are now supporting the full-rate production phase of this program with four major structural parts, with deliveries scheduled through 2009.

"Our leading edge design and advanced production capabilities in aluminum forgings and castings continue to provide new opportunities for growth," said Haniford.

Alcoa is the world's leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap® foils and plastic wraps, Alcoa® wheels, and Baco® household wraps. Among its other businesses are vinyl siding, closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 131,000 employees in 43 countries and has been a member of the Dow Jones Industrial Average for 45 years and the Dow Jones Sustainability Indexes since 2001. More information can be found at www.alcoa.com

Klune Industries, Inc. is an integrated engineering and manufacturing company with widespread capabilities serving many industries. Klune principally produces assembled components for the military and commercial aerospace sectors. The company's core strengths are in sheet metal forming, precision machining, laser cutting and welding, and assembly.

 

Contact:
Alcoa Inc.
Editorial Contact: Kevin G. Lowery, 412-553-1424
Investor Relations: William F. Oplinger, 212-836-2674

--------------------------------------------------------------------------------
Source: Alcoa Inc.

MUSCAT, Oman, Dec. 11 /CNW Telbec/ - Alcan Inc. (NYSE, TSX: AL) announced today that together with its partners, Oman Oil Company S.A.O.C. (OOC) and the Abu Dhabi Water and Electricity Authority (ADWEA), it will proceed with the construction of a US$1.7 billion primary aluminum smelter in Sohar, Oman. Alcan is taking a 20 percent stake in the 350kt per year smelter, which is expected to begin production in the third quarter of 2008. The smelter will be in the lowest quartile of the industry cash cost curve and add approximately two percent to Alcan's global smelting base.

"Today marks an important achievement for Alcan, its partners, and the Middle East Gulf region as we work together in creating sustainable economic, social, and environmental opportunities which will benefit all stakeholders, in particular the people of Oman," said Cynthia Carroll, President and Chief Executive Officer, Alcan Primary Metal Group. "This state-of-the-art smelter will demonstrate Alcan's technology and cost leadership, operational know-how and management expertise and will, over the smelter's life, promote the strong technical and economic development of the region," she added.

In June 2004, Alcan, OOC and ADWEA announced their commitment to the Sohar Aluminium Company L.L.C., which will own and operate the smelter. The smelter will be based near the existing Sohar Industrial Area, which will provide a major economic boost to the Al Battinah Region of Oman. With the construction of a new Sohar Aluminium-owned 1000MW power plant, the smelter will have long-term access to a dedicated power supply on competitive terms and in a quantity sufficient to meet its energy requirements.

The smelter's initial scope will be based on a single AP35 potline, but with provisions for adding a second pot line - of which Alcan has an option to acquire up to 60 percent. The use of proven AP35 technology represents the first time that it is being used in a newly constructed smelter. To date, AP35 technology has been used in the upgrade of three existing smelters around the world. "Under a technology transfer agreement, Alcan will provide Sohar Aluminium with a license and related technical services necessary to implement Alcan's AP35 technology. This is the most advanced, efficient and environmentally friendly technology available," said Marco Palmieri, President, Alcan Primary Metal Group, Asia Pacific.

Attending the announcement in Muscat were H.H. Sheikh Diab Bin Zayed Al Nahyan, Chairman of ADWEA, H.E. Maqbool Ali Sultan, Minister of Commerce and Industry and Chairman of OOC, Tony Kinsman the CEO of Sohar Aluminium and Ms. Carroll.

"Alcan is proud to develop and expand the scope of its aluminum production to this growing and dynamic region of the world," added Ms. Carroll. "As demonstrated through today's official signing, Alcan has been very fortunate to have partners of such high calibre and we look forward to working with the OOC and ADWEA in realizing this unique opportunity for all stakeholders."

Alcan is a multinational, market-driven company and a global leader in aluminum and packaging. With world-class operations in primary aluminium, fabricated aluminum as well as flexible and specialty packaging, aerospace applications, bauxite mining and alumina processing, today's Alcan is well positioned to meet and exceed its customers' needs for innovative solutions and service. Alcan employs approximately 70,000 people and has operating facilities in 55 countries and regions.

    Statements made in this press release which describe intentions,     expectations or predictions may be forward-looking statements within the     meaning of securities laws. The parties caution that, by their nature,     forward- looking statements involve risk and uncertainty and that actual     results could differ materially from those expressed or implied in such     statements. Reference should be made to Alcan's most recent Form 10-K for     a summary of major risk factors.

The price outlook for the minerals and energy sector is mixed, ABARE said, with oil, nickel and copper prices easing but iron ore, zinc and aluminium rising.

 

 

 

Note how both aluminum and natural gas hit bottom at the same time .......

 

so......

 

there may be another bottom coming for aluminum....if the price of gas collapses .