Goldman adds Alcoa to its conviction buy list, says aluminum stock can gain more than 50%

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Jesse Pound@/in/jesse-pound@jesserpound
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A worker loads an aluminum coil onto a loading dock at the Arconic manufacturing facility in Alcoa, Tennessee.
Luke Sharrett | Bloomberg | Getty Images

Aluminum prices should remain high for the foreseeable future and provide a major boost to Alcoa's stock price, according to Goldman Sachs.