Thursday, March 24, 2011

Alcoa (AA) Rebounds, Leads Dow

Although struggling since highs hit in February, Alcoa (NYSE:AA) appears to be back on track again, thanks largely to the expected boost in aluminum demand from the Japan earthquake and tsunami as the country prepares to rebuild.

Alcoa let the Dow up on Wednesday, as some commodity prices continue to rise in anticipation of the orders mining companies will get.

Commodities like copper, iron ore, steel and aluminum are expected to generate strong orders in the short and long term.

Alcoa closed Wednesday at $16.95, gaining $0.50, or 3.04 percent.

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