Thestreet.com
0
All posts from Thestreet.com
Thestreet.com in Thestreet.com,

Will Alcoa (AA) Stock Be Helped by Bullish Aluminum Demand Outlook?

NEW YORK (TheStreet) -- Alcoa (AA - Get Report) shares are declining 3.99% to $9.50 on Tuesday despite industry executives having a bullish outlook on future aluminum demand, Reuters reports.

Specifically, global aluminum demand is expected to increase by 24 million tonnes to 78 million tonnes by 2025, according to Alfredo Barrios, Rio Tinto's (RIO) chief executive for aluminum.

"Demand for our products is clearly healthy. The issue we face is excessive supply," Barrios stated at Metal Bulletin's International Aluminum conference in Vancouver, according to Reuters.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks with serious upside potential in the next 12-months. Learn more.

Looking ahead, the aluminum market is expected to stabilize in the next five years.

Based in New York, Alcoa produces and manages primary aluminum, fabricated aluminum, and alumina worldwide.

Separately, TheStreet Ratings team rates ALCOA INC as a Hold...


More