Electric Vehicles Can Drive Alcoa Stock Higher

Global aluminum and materials products maker Alcoa stock has fallen (-19%) for 2022Shares spiked last year on optimism for the infrastructure bill, which turned out to be a sell-the-news event.EVs require more aluminum than regular cars and the EV market is expected to grow at a 23.5% compound annual growth rate

Global aluminum and materials products maker Alcoa (NYSE: AA) has stock fallen (-19%) for 2022. Inflationary pressures prompting rising interest rates have cut into the country’s largest aluminum maker’s margins. While most people are aware of common uses for aluminum ranging from soda cans and kitchen utensils to foil, window panes, energy, and housing and construction, there’s a growing

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