Alcoa’s Stock Dropped 70% In 2020 So Far; Could It Crash Another 55%?
- Tuesday, May 19, 2020, 7:10
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Alcoa’s stock has declined 69% since the beginning of this year as the global aluminum prices crashed almost 20% from $1,821/ton in January 2020 to $1,462/ton in May 2020, along with a reduction in demand for aluminum. Additionally, the spread of the novel Coronavirus has also rattled the stock…
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