If alumina price goes to $440 (my prediction), then based on their last earnings report their EBITA would increase $1.15B, with a market cap of around $5B at the time. This could push the price up to $10B+ or $2.90 per share conservatively. Just an observation - hopefully a correct one and one that comes to fruition.
Ann: Alcoa Corp 4th Quarter 2021 Earnings Release, page-19
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