10 Best Aluminum and Aluminum Mining Stocks To Buy

2. Alcoa Corporation (NYSE:AA) 

Number of Hedge Fund Holders: 42

Alcoa Corporation (NYSE:AA) is a global leader in bauxite mining, alumina refining, and aluminum production. The company’s primary clients include construction, transportation, and packaging companies. The company’s Alumina segment focuses on extracting bauxite and refining it into alumina for aluminum production, while the Aluminum segment encompasses smelting and cast house operations.

Alcoa Corporation (NYSE:AA) is focusing on high-margin products and is expanding through acquisitions to strengthen its position as one of the world’s largest bauxite and alumina producers. The company is also prioritizing sustainability through the use of renewable energy and innovations such as the ELYSIS zero-carbon smelting technology.

On November 3, Alcoa Corporation (NYSE:AA) announced that it has entered into a binding agreement to acquire Alumina Limited, an aluminum mining company that carries out mining of bauxite, refining, and smelting of aluminum. The acquisition is expected to strengthen Alcoa Corporation’s (NYSE:AA) position as a bauxite and alumina producer. The acquisition is expected to be completed in the coming months, subject to shareholder approvals and other customary conditions.