From TradingView · · 40s
Alcoa Supply Risks Boost Aluminum Prices
Alcoa's aluminum supply risks create a favorable price setup for investors.
In brief
Alcoa's aluminum supply risks create a favorable price setup for investors. Alcoa's aluminum shortage risks and supply chain disruptions could boost prices to $60 per share from $40.23. Originally reported by TradingView.
Alcoa's aluminum supply risks
Alcoa Corporation is one of the world's largest vertically integrated aluminum producers.
Supply chain disruptions
Middle East conflict curtailed 2,500 kmt of aluminum smelting capacity and 2,000 kmt of refining capacity.
Alcoa's strategic moves
Alcoa acquired South32's bauxite, alumina and aluminum assets for $4.1 billion.
Investment outlook
Alcoa's price target is $60 with 49% potential upside from current $40.23 share price.
In short
Alcoa's aluminum shortage risks and supply chain disruptions could boost prices to $60 per share from $40.23.
