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Alcoa (NYSE:AA) closed up 2.60% at $41.47 on Oct. 16, 2026, after reporting third-quarter adjusted earnings of $1.82 per share, which topped analyst expectations. Revenue of $3.7 billion came in slightly light of estimates. The results arrived alongside news of a land sale tied …
● The move reflects measured institutional positioning rather than disorderly speculative trading.
● LME warehouse inventories sit near multi-month lows, down 6.1% over the past 30 days.
● Palladium traded near $1,114-1,135 an ounce, up more than 3% on the day but still near a one-year low.
● Palladium settled up 0.89% to $1,114 an ounce on 16 October 2026, part of a volatile multi-week range.
● Platinum rose 0.64% to $1,631.90 an ounce on 16 October 2026, though it remains down 21.12% year-to-date.
● Silver remains up 9.81% over the past year despite recent weakness.
● Potash operating earnings were $195 million on 2.0 million tonnes sold.
● Adjusted EBITDA margin reached a record 61 per cent for the quarter.
● The company earned 20,757 gold equivalent ounces at a 96.8 per cent cash margin.
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