Alcoa shares have risen due to the increase in the price of aluminum. 1 analyst still believes it can gain 14%.
Traders around the world had to deal with another crisis when, in retaliation for continued attacks by the United States and Israel, Iran attacked two aluminum products sites in the Middle East, disrupting global aluminum supply chains. The Middle East accounts for 9% of global aluminum smelting capacity. Supply has already been disrupted in the…