Alcoa Wins From An Aluminum Boom Which Has Further To Run
Alcoa has benefited significantly from the ongoing aluminum boom, with its share price rising 49% over the past year. Investment banks are optimistic about the company's future, with UBS upgrading its recommendation to buy and predicting further price increases. The aluminum market is experiencing a substantial supply shock due to geopolitical tensions, which is expected to keep prices elevated in the coming years.
- ▪Alcoa's share price has increased by 49% over the past 12 months.
- ▪UBS has upgraded Alcoa to a buy recommendation, forecasting a price increase to A$110.
- ▪The price of aluminum has risen 15% since the war in Iran began, driven by a loss of global production.
- ▪Citi describes the aluminum market as having the most bullish outlook in over 50 years.
- ▪The ongoing supply disruptions in the Middle East are expected to support higher aluminum prices.
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AsiaAlcoa Wins From An Aluminum Boom Which Has Further To RunByTim Treadgold,Contributor.Forbes contributors publish independent expert analyses and insights. Tim Treadgold is an Australian journalist specializing in miningFollow AuthorMay 25, 2026, 09:38pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Rolls of semi-finished aluminum at an Alcoa factory. (Photo by Sean Gallup/Getty Images)Getty ImagesBig aluminum producer Alcoa has been a winner from the war in Iran and its share price, already up 49% over the past 12-months, could go higher if the latest investment bank research is right.UBS last week upgraded Alcoa from a neutral investment recommendation to buy, forecasting a lift in its Australian listed…
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