KAISER ALUMINUM CORP

ΔGM = β·Δlog(pata) + ε con β y φ(AR1 de ε) reestimados walk-forward solo con trimestres ya publicados; el residuo agrupa coste unitario, mix y volumen

• We operate in a highly competitive industry.
• Reductions in demand for our products may be more severe than, and may occur prior to, reductions in demand for our customers’ products.
• Our customers may reduce their demand for aluminum products in favor of alternative materials.
• nuevoOur customers may reduce their demand for our products as a result of the government relaxing or delaying fuel efficiency or emissions standards or if oil prices remain low for a protracted period of time.
• The commercial aerospace industry is cyclical and subject to disruption. Downturns in the commercial aerospace industry could adversely affect our business.
• Reductions in defense spending for aerospace and non-aerospace military applications could adversely affect demand for our products.
• Downturns in the automotive and ground transportation industries could adversely affect our business.
• Changes in consumer demand for particular motor vehicles could adversely affect our business.
• We depend on a core group of significant customers.
• We experience fluctuation in certain costs that we cannot pass through to our customers and face pressure from our customers on pricing.
• Our industry is very sensitive to foreign economic, regulatory and political factors that may adversely affect our business.
• We may experience difficulties in the launch or production ramp-up of new products which could adversely affect our business.
• Unplanned events may interrupt our production operations, which may adversely affect our business.
• We may face challenges to our intellectual property rights which could adversely affect our reputation, business and competitive position.
• nuevoWe rely on third parties to provide certain services that are critical to our operation.
• We may not be able to successfully implement our productivity enhancement and cost reduction initiatives that are necessary to offset competitive price pressure.
• Our investment and other expansion projects may not be completed, start up as scheduled or deliver the expected capacity and other benefits.
• nuevoWe rely on Alcoa Corporation (“Alcoa”) for certain resources essential to the day-to-day operation of our business at Warrick.
• Our business could be adversely affected by pricing and availability of primary aluminum.
• Our business could be adversely affected by the pricing and availability of recycled scrap aluminum.
• nuevoVolatility in aluminum prices can impact our borrowing availability and cause our liquidity to decline.
• Our hedging programs have been and could continue to be adversely impacted by fluctuations as a result of the impacts of supply chain disruptions, geopolitical activity and general economic conditions.
• Our hedging programs may limit the income and cash flows we would otherwise expect to receive if our hedging programs were not in place and may otherwise affect our business.
• Covenants and events of default in our debt instruments could limit our ability to undertake certain types of transactions and adversely affect our liquidity.
• Restrictive covenants in our debt instruments contain significant qualifications and exceptions.

… 13 más en risk_factors.json

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