Aluminum prices surge to three-year high, boosting Alcoa and Century Aluminum shares.

Alcoa (AA) and Century Aluminum (CENX) surge on rising aluminum prices, with futures exceeding $3,000 per ton due to supply constraints and strong demand. Operational challenges in China and Europe are impacting global metal inventories. Alcoa's financial health presents a mixed picture, with a 3-year revenue growth decline of 4.6% and an Altman Z-Score of 2.09 indicating potential financial stress. Valuation metrics suggest the stock may be overvalued, with a P/E ratio of 12.55 and a P/B ratio of 2.22 near their 3-year highs.