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Alcoa Catches Third Downgrade In Three Weeks. Stock Falls.

Por: MarketWatch Business July 14, 2023

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“Cautious on aluminum base metal near-term driven by planned China restarts and summertime demand lull,” wrote Peterson. China accounts for almost 60% of global aluminum production, so any changes in output over there impact aluminum prices everywhere. Prices have already started to slide. Benchmark aluminum prices are down roughly 10% over the past 12 months and are off about 20% from January highs. Commodity-related stocks typically... + full article



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