Higher aluminum prices are powering one former Dow component. Here’s how to buy for less

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Despite elevated aluminum production costs and shipment timing issues, Alcoa (AA) is strongly capitalizing on structurally higher prices. LME aluminum has recently surged to four-year highs, driven by geopolitical tensions in the Middle East and a tightening global supply balance. This favorable macro pricing environment creates a compelling opportunity for a buy-write (covered call) strategy …

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Bahrain aluminum giant says Iranian attack targeted its facility

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BAHRAIN – APRIL 17: Aluminium ingots seen at the Aluminium Bahrain B.S.C plant in Bahrain, Tuesday, April 18, 2006. (Photo by Phil Weymouth/Bloomberg via Getty Images) Bloomberg | Bloomberg | Getty Images Aluminium Bahrain, which hosts the world’s largest smelter of the metal, said on Sunday its facility was subjected to an Iranian attack as …

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