The reason ALU is down for the last couple of days have nothing to do with market confidence in ALU but rather it has to do with ECB’s refusal to join the rest of the world in QE that artificially devalues a country’s currency while stimulating its economy. The ECB’s (Mario Draghi) refusal stems from the unwarranted fear by Germany of competitive printing of money even though it has almost been a century since Weimar. I think QE should be adopted by the ECB to protect EU's interests from economic harms if others are engaging in this practice.
The Chinese has been manipulating their Renminbi for years by pegging exchange rates to the dollar and suppressing their Yuan from ever appreciating. This is one of the reasons why Chinese exporters such as Hauwei and ZTE have benefited tremendously and explains why ALU’s exports are more expensive to customers outside of Europe. Therefore, the market digests this reality and penalizes ALU accordingly even though this is a collateral effect of “beggar thy neighbor”.