Automakers' Shift To Aluminum Boosts Alcoa's Outlook
- Alcoa shares have gained more than 50% so far this year.
- Alcoa is benefiting primarily from strong demand for its value added products.
- As the auto industry shifts to aluminum, the outlook for Alcoa’s downstream business has improved even more.
- Although Alcoa has posted substantial gains in the past year, there is further upside potential in the stock.