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

Published Mon, Jul 19 20216:27 AM EDTUpdated Mon, Jul 19 20219:31 AM EDT

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.

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