Alcoa’s Strategic Gallium Initiative and Market Positioning Drive Buy Rating
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Carlos De Alba has issued a Buy rating for Alcoa, citing its strategic gallium initiative and favorable market positioning. The company's gallium project in Western Australia, supported by the US and Australian governments, aims to boost production amid rising semiconductor demand. With China controlling gallium production and imposing export restrictions, Alcoa could gain a competitive advantage. De Alba, who covers the Basic Materials sector, has a 13.4% average return and a 53.68% success rate on stock recommendations. Citi also maintains a Buy rating with a $42.00 price target.
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