Why Alcoa Stock Popped 10% in September
When shares of aluminum mining-giant Alcoa (NYSE: AA) surged at the end of August, I expected the momentum to continue, given the reasons behind the rally. The aluminum stock didn't disappoint: It gained 10.3% in the month of September, according to data provided by S&P Global Market Intelligence.
The strength in prices of base metals like aluminum started to wane in mid-August after China reported lower-than-expected growth in industrial production for June. Some industry experts even called it the beginning of the end of the commodities bull run.
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Source Fool.com