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Why It’s Tough to Hate Alcoa at These Prices

Why It’s Tough to Hate Alcoa at These Prices

In the previous article, we looked at some of Alcoa’s (AA) bearish drivers. As Alcoa is long on alumina, the company benefits from higher alumina prices. Earlier this year, the sanctions lifted alumina prices to an all-time high, while aluminum also rallied to seven-year highs.