10 Best Aluminum and Aluminum Mining Stocks To Buy

6. Reliance, Inc. (NYSE:RS)

Number of Hedge Fund Holders: 30

Reliance, Inc. (NYSE:RS), formerly known as Reliance Steel & Aluminum is the largest metal service center operator in North America. The company operates more than 320 locations across 13 countries. The company offers value-added metals processing services and distributes over 100,000 metal products, including aluminum, carbon steel, and stainless steel, to more than 125,000 customers across various industries including aerospace, construction, energy, and infrastructure companies.

Reliance, Inc. (NYSE:RS) is actively pursuing growth through strategic acquisitions. The company has a long history of successful acquisitions, having completed 76 deals since its IPO in 1994. In 2024 alone, Reliance, Inc. (NYSE:RS) has completed four acquisitions, including the purchase of certain toll processing assets of FerrouSouth division of Ferragon Corporation. The company’s M&A pipeline remains active, and it continues to seek out well-managed service centers and metals processors that possess strong brand equity and solid reputations in the marketplace.

Reliance, Inc. (NYSE:RS) is also focused on expanding its product diversification and value-added processing capabilities. The company’s diversified business model, which includes a wide range of products and services, has helped it to outperform the industry in terms of growth and profitability. By continuing to invest in its product offerings and processing capabilities, Reliance, Inc. (NYSE:RS) is well-positioned to capitalize on emerging trends and opportunities in the market.