Ann: Alcoa Corp 3rd Quarter 2022 Earning Release, page-4

Basically as expected, commodity prices are garbage meanwhile costs, especially energy are through the roof.

You would expect a supply crunch or price rise to offset this but honestly the market isn't making much sense.

I've started pricing my stocks on value and while I have a couple bucks in AWC that I'm not prepared to throw away yet I also won't be topping up anywhere near today's prices, at $1 this is worth a dip but likely better gains elsewhere.