NEW YORK ( TheStreet) -- Aluminum for delivery within three months has lost 18% during the last two months on the London Metal Exchange. Subsequently, aluminum stocks, including Alcoa (AA - Get Report), Kaiser Aluminum (KALU - Get Report), Century Aluminum (CENX - Get Report), Alumina (AWC), and Aluminum Corp of China (ACH) have declined 21%, 11%, 34%, 13% and 23%, respectively.Based on fundamental reasons, Kaiser Aluminum and Century Aluminum seem attractive buys. Kaiser is trading at a forward price-to-earnings ratio of 23.77, while Century Aluminum is trading at a P/E of 9.57.
Kaiser, Century Aluminum Shares Oversold
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