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Why Alcoa, United States Steel, and Freeport-McMoRan Stocks Surged Today


On a down day for the S&P 500 as a whole, metal production stocks fared better than most Wednesday, with shares of Alcoa (NYSE: AA) closing 6.9% higher, U.S. Steel (NYSE: X) rising 7.3%, and Freeport-McMoRan (NYSE: FCX) gaining 8%.

You can probably thank President Joe Biden for that.

Image source: Getty Images.

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Source Fool.com

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