|Day's Range||32.98 - 33.36|
|52 Week Range||20.53 - 39.78|
|PE Ratio (TTM)||178.49|
|Earnings Date||Jan 9, 2017 - Jan 13, 2017|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||42.73|
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.