Aa stock forecast analysts warn that currency

Analysts warn that currency fluctuations, particularly USD weakness, could further enhance export revenues, adding a 1–2% upside bias in the aa stock forecast for the remainder of the year. Alcoa (NYSE:AA) has confirmed it will permanently close its Kwinana alumina refinery in Western Australia, citing a combination of facility age, high costs, tough market conditions, and bauxite grade challenges. Another challenge comes from operational hiccups. The long-delayed restart of the San Ciprián smelter in Spain has weighed on shipment volumes, forcing Alcoa to trim its 2025 aluminum shipment guidance to 2.5–2.6 million metric tons, down from the earlier forecast of 2.6–2.8 million. For a commodity producer where scale is critical, these setbacks raise concerns about future growth capacity and revenue generation. The latest aa stock forecast points to moderate upside potential in Q3 2024, with analysts projecting a target range of $41–$44 based on aluminum price recovery and improved industrial demand metrics. Institutional buying momentum has increased by 8% month-over-month, signaling confidence in sector fundamentals.