Closely followed market watcher Dennis Gartman said Thursday he likes two metal commodity plays.
First, the founder and publisher of The Gartman Letter told CNBC's "Squawk Box" he's long on shares of aluminum giant Alcoa, which has been up nearly 9 percent year to date. But over the past 12 months, the stock has fallen about 20 percent.
"I've liked Alcoa for quite a period of time. ... I want to own things that if I drop them on my foot will hurt," he said. "I looked at the chart of Alcoa and it looks awfully strong. More and more aluminum is going into airplanes ... [and] automobiles."
"Aluminum is absolutely incumbent in global economic growth. And the economy is growing," he said. He added that concerns over slowing demand for commodities in China is overblown. "There's been ... too much lack of optimism on the circumstances in China."