5 Best Aluminum and Aluminum Mining Stocks To Buy

In this piece, we will take a look at the five best aluminum and aluminum mining stocks to buy. If you want a deeper dive into the global aluminum industry, then read 11 Best Aluminum and Aluminum Mining Stocks To Buy.

5. BHP Group Limited (NYSE:BHP)

Number of Hedge Fund Investors In Q3 2023: 25

BHP Group Limited (NYSE:BHP) is one of the biggest mining companies in the world, which also lends it a strong presence in the global aluminum industry. January 2024 is proving to be a controversial month for the firm as it has been ordered to pay a multi billion dollar fine for a dam failure in Brazil.

As of Q3 2023 end, 25 out of the 910 hedge funds profiled by Insider Monkey had bought and owned BHP Group Limited (NYSE:BHP)’s shares. Ken Fisher’s Fisher Asset Management was the firm’s biggest investor due to its $1 billion investment.

4. Rio Tinto Group (NYSE:RIO)

Number of Hedge Fund Investors In Q3 2023: 27

Rio Tinto Group (NYSE:RIO) is another mega mining company. January 2024 saw the firm expand its focus on its aluminum production portfolio and the environment at the same time as it announced a deal to use solar power to power up an aluminum facility in Australia.

By the end of September 2023, 27 out of the 910 hedge funds part of Insider Monkey’s database had invested in the firm. Ken Fisher’s Fisher Asset Management is Rio Tinto Group (NYSE:RIO)’s largest shareholder as it owns $990 million worth of shares.

3. Constellium SE (NYSE:CSTM)

Number of Hedge Fund Investors In Q3 2023: 29

Constellium SE (NYSE:CSTM) is an aluminum end products company catering to the needs of the food and beverages, transportation, and other industries. Its shares are rated Strong Buy on average, and the average analyst share price target is $24.53.

During last year’s third quarter, 29 out of the 910 hedge funds covered by Insider Monkey’s research were Constellium SE (NYSE:CSTM) shareholders. Out of these, the firm’s biggest investor is Jared Nussbaum’s Nut Tree Capital since it owns a $65 million stake in the company.

2. Alcoa Corporation (NYSE:AA)

Number of Hedge Fund Investors In Q3 2023: 33

Alcoa Corporation (NYSE:AA) is a diversified American aluminum company with operations all over the world. Its shares jumped in January 2024 when news started to surface that the European Union might ban Russian aluminum imports and provide Alcoa Corporation (NYSE:AA) with some much needed tailwinds.

After scouring through 910 hedge fund portfolios for last year’s September quarter, Insider Monkey found that 33 had held a stake in the company. Alcoa Corporation (NYSE:AA)’s largest shareholder in our database is Israel Englander’s Millennium Management due to its $132 million investment.

1. Crown Holdings, Inc. (NYSE:CCK)

Number of Hedge Fund Investors In Q3 2023: 48

Crown Holdings, Inc. (NYSE:CCK) makes and sells aluminum beverage cans along with other products. It joined a host of other companies at the COP climate conference in Dubai last year to agree to eventually only sell recycled aluminum cans and reduce emissions.

48 out of the 910 hedge funds covered by Insider Monkey’s Q3 2023 database had invested in Crown Holdings, Inc. (NYSE:CCK). Lauren Taylor Wolfe’s Impactive Capital was the firm’s biggest investor as it owns a $261 million stake.

Disclosure: None. You can also take a look at 11 Cheap Hot Stocks To Buy Now and 11 Best Green Stocks To Invest In 2023.

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