13 Best Magnesium Stocks to Invest in Now

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10. Kaiser Aluminum Corporation (NASDAQ:KALU)

Number of Hedge Fund Holders: 15

Market Cap as of August 17: $1.21 billion 

Kaiser Aluminum Corporation (NASDAQ:KALU) announced a solid second quarter of 2025, up 1% from the second quarter of 2024 with net sales of $823 million and conversion revenue of $374 million. Adjusted net income was $20 million, or $1.21 per diluted share, compared to $23 million, or $1.41 per diluted share, under GAAP. Adjusted EBITDA totaled $68 million, with an 18.1% margin, pointing to sustained success in the aerospace, high-strength, packaging, and automotive extrusion segments. All segments reported a surge in realized prices, and shipments reached 288.4 million pounds. Cash flow provided $22 million for interest, $26 million for stockholder returns, and $82 million for capital projects.

The total amount of liquidity as of June 30, 2025, was $538 million. Kaiser Aluminum Corporation (NASDAQ:KALU) CEO Keith A. Harvey raised the company’s full-year 2025 adjusted EBITDA estimate, forecasting a 10%-15% increase primarily due to strong operational fundamentals, favorable metal pricing, and ongoing strategic expansion investments. It is among the Best Magnesium Stocks.

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