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In the last month Alumina has fallen by 15 percent while Alcoa (code AA) on the American markets has risen by 5 percent. Generally over many years the two stocks move together which seems logical since Alumina owns 40% of Alcoa World Alumina (AWAC) and very little else. Does anyone have a view as to why Alumina has fallen so heavily in recent times relative to Alcoa? I am of the view that it is a temporary misalignment and I am hopeful that Alumina will wipe out these losses in coming days.

GPASAS