|Day's Range||33.04 - 33.92|
|52 Week Range||20.53 - 39.78|
|PE Ratio (TTM)||178.95|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Although lower alumina prices might not immediately lead to a decline in aluminum prices, they certainly could limit aluminum’s upside.
If Chinese aluminum demand surprises on the downside, we could see aluminum markets in a surplus this year.
China's aluminum demand is expected to be strong this year. Alcoa raised its 2017 global aluminum demand forecast to 4.5%–5.0% from its previous guidance.