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Stock impact report

Alcoa Reassessed As Missile Strikes Tighten Global Aluminum Supply [Yahoo! Finance]

Alcoa Corporation (AA) 
Last alcoa corporation earnings: 4/22 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
Company Research Source: Yahoo! Finance
Missile and drone attacks on several major Middle Eastern aluminum smelters have caused a sharp disruption in global supply. The incidents have pushed the market from surplus into a clear deficit, lifting price pressure across the aluminum chain. As a large Western integrated producer, Alcoa (NYSE:AA) now operates in a very different supply backdrop than just weeks ago. For Alcoa, this supply shock comes at a time when its share price is $71.53 and recent returns have been strong, with the stock up 24.2% over the past week and 26.5% year to date. Over longer horizons, NYSE:AA has delivered gains of 164.7% over 1 year and 138.5% over 5 years, which illustrates how sensitive the stock can be to shifts in the aluminum market. The key question for investors is how a tighter global market and the potential for capacity restarts could influence Alcoa's earnings power and capital decisions from here. Pricing, contract terms, and regional supply security are likely to matter more in Show less Read more
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