Alcoa traded at $62.53 this Friday May 15th, decreasing $3.49 or 5.29 percent since the previous trading session. Looking back, over the last four weeks, Alcoa lost 11.19 percent. Over the last 12 months, its price rose by 111.89 percent. Looking ahead, we forecast Alcoa to be priced at 61.27 by the end of this quarter and at 57.65 in one year, according to Trading Economics global macro models projections and analysts expectations.
Alcoa Corporation (Alcoa) is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The Company’s operations consist of three reportable business segments: Bauxite, Alumina, and Aluminum. The Bauxite and Alumina segments primarily consist of a series of affiliated operating entities held in Alcoa World Alumina and Chemicals (AWAC), which is a joint venture between Alcoa Corporation and Alumina Limited. The Aluminum segment consists of the Company’s aluminum smelting, casting, and rolling businesses, along with the energy production business. Its Bauxite segment consists of the Company’s global bauxite mining operations. The Company’s Alumina segment consists of the Company’s worldwide refining system, which processes bauxite into alumina. The Aluminum segment consists of its worldwide smelting and casthouse system, a portfolio of energy assets in Brazil, Canada, and the United States.