With recent U.S. anti-dumping investigations against China, particularly for aluminum sheets, as well as China’s clampdown on illegal and polluting facilities that could reduce production, things might be looking up for U.S. aluminum producers.
Alcoa Corporation (AA)
From Bubble & Bust Report
A play on the growing aluminum demand that’s coming from the proliferation of the EV market, is Alcoa Corporation (AA). Alcoa is one of the largest and most well-known aluminum companies on the planet. It’s involved in every step of the aluminum-mining process on almost every continent.
Even though electric vehicles will require the finished die-cast aluminum parts, it’s more likely that investors will be piling into large aluminum-mining plays first. It’s simply a matter of convincing.
At last look, shares of AA were at about $41.75, which is down significantly from the 52-week high of over $50 a share in October.
At current prices, I think that AA is a great buy. And I think we’ll be seeing it bounce back to over $50 soon. So, I want to add Alcoa to our portfolio today.
Christian DeHaemer, Bubble & Bust Report, www.angelpub.com, 877-303-4529, November 2017