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Alcoa and Aluminium

Aluminium is the most abundant metal on Earth and has a large amount of usage. However since the financial collapse, the price of aluminum has not been able to rebound as producers would like.  As a matter of fact, there is an increasing surplus of aluminum over the past three years. In 2011, there was a surplus of 889,000 tons, in 2012 there was a surplus of 1.5 million tons, and in 2013 there was a surplus of 1.8 tons. 

Aluminum demand is projected to remain stable during 2013, this would not allow for the absorption of the surplus aluminum. This issue has a large impact on the aluminum giant Alcoa (NYSE:AA) and may explain why the stock has struggled to take off in the bull market. Will aluminum prices begin to rebound, or are they going to remain depressed in the years to come? Will the improving housing market and the development of underdeveloped countries aid in increase prices in the future? What do you guys think?