Alcoa, South32 Key Australian Picks for Middle East Aluminum Supply Risk -- Market Talk

Dow Jones

03/12

0416 GMT - Alcoa and South32 are the best ways in the Australian share market to bet on higher aluminum prices from Middle East disruptions, says UBS analyst Lachlan Shaw. UBS raises its aluminum and thermal-coal price forecasts citing Mideast supply risk. "As revisions to the aluminum price are larger than thermal coal, pure-play AAI [Alcoa] sees the largest up lift in price target," to A$95/share from A$71/share, Shaw says. UBS remains neutral rated on the stock. Its target on South32 lifts to A$5.20/share from A$5.10/share. The increase is modest because of alumina downgrades, Mozal's coming closure and an unchanged price outlook for other commodities, Shaw says. UBS reiterates a buy rating in South32. Alcoa is up 4.2% in Sydney at A$90.41. South32 is down 1.6% at A$4.29. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

March 12, 2026 00:16 ET (04:16 GMT)

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UBS raises its aluminum and thermal-coal price forecasts citing Mideast supply risk. \"As revisions to the aluminum price are larger than thermal coal, pure-play AAI [Alcoa] sees the largest up lift in price target,\" to A$95/share from A$71/share, Shaw says. UBS remains neutral rated on the stock. Its target on South32 lifts to A$5.20/share from A$5.10/share. The increase is modest because of alumina downgrades, Mozal's coming closure and an unchanged price outlook for other commodities, Shaw says. UBS reiterates a buy rating in South32. Alcoa is up 4.2% in Sydney at A$90.41. South32 is down 1.6% at A$4.29. 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UBS raises its aluminum and thermal-coal price forecasts citing Mideast supply risk. \"As revisions to the aluminum price are larger than thermal coal, pure-play AAI [Alcoa] sees the largest up lift in price target,\" to A$95/share from A$71/share, Shaw says. UBS remains neutral rated on the stock. Its target on South32 lifts to A$5.20/share from A$5.10/share. The increase is modest because of alumina downgrades, Mozal's coming closure and an unchanged price outlook for other commodities, Shaw says. UBS reiterates a buy rating in South32. Alcoa is up 4.2% in Sydney at A$90.41. South32 is down 1.6% at A$4.29. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 12, 2026 00:16 ET (04:16 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4153","symbol_name":"鋁","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2618904867","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2618904867","pubTimestamp":1773288960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0416 GMT - Alcoa and South32 are the best ways in the Australian share market to bet on higher aluminum prices from Middle East disruptions, says UBS analyst Lachlan Shaw. UBS raises its aluminum and thermal-coal price forecasts citing Mideast supply risk. \"As revisions to the aluminum price are larger than thermal coal, pure-play AAI [Alcoa] sees the largest up lift in price target,\" to A$95/share from A$71/share, Shaw says. UBS remains neutral rated on the stock. Its target on South32 lifts to A$5.20/share from A$5.10/share. The increase is modest because of alumina downgrades, Mozal's coming closure and an unchanged price outlook for other commodities, Shaw says. UBS reiterates a buy rating in South32. Alcoa is up 4.2% in Sydney at A$90.41. South32 is down 1.6% at A$4.29. 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UBS raises its aluminum and thermal-coal price forecasts citing Mideast supply risk. \"As revisions to the aluminum price are larger than thermal coal, pure-play AAI [Alcoa] sees the largest up lift in price target,\" to A$95/share from A$71/share, Shaw says. UBS remains neutral rated on the stock. Its target on South32 lifts to A$5.20/share from A$5.10/share. The increase is modest because of alumina downgrades, Mozal's coming closure and an unchanged price outlook for other commodities, Shaw says. UBS reiterates a buy rating in South32. Alcoa is up 4.2% in Sydney at A$90.41. South32 is down 1.6% at A$4.29. 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