Due to market surpluses, Macquarie downgrades its 2022-24 alumina price forecasts by -9-12% and its aluminium price forecasts by -12-24%. This drives cuts in 2022-25 earnings forecasts for Alumina Ltd of -42-54% and a target price cut to $1.10 from $1.40
thoughts about this downgrade anyone?
general discussion, page-5
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