Alcoa Is Well-Positioned For 2022 and 2023
Alcoa Increases Capital Returns, Shares Bottom Shares of Alcoa (NYSE:AA) are down nearly 50% from their high and they move lower but we don’t think they will go much lower. While aluminum prices are down sharply from their recent high the outlook for demand is expansionary and prices are expected to rebound by next spring. Near-term headwinds like lock-downs in China, supply chain disruptions, inflation, and fear of recession are weighing on the outlook or prices but many of those issues are temporary and there are signs of relief. For one, lockdowns in China are largely over and for another, ...