On September 8, Alcoa rose 5.4% in regular trading, trading at $52.31/share, with turnover of $18.73 million. The stock gained alongside a broad rally in the aluminum sector, driven by rising aluminum prices amid Middle East supply disruptions and fresh government funding news.

On the industry front, aluminum prices have been on an upward trajectory as Middle East production cuts tightened global supply. LME aluminum prices climbed 1.7% in the prior week, with domestic spot inventories approaching the 800,000-ton threshold and heading lower, reinforcing bullish momentum. The entire aluminum sector reflected this strength, with Century Aluminum up 5.21%, Constellium NV up 3.02%, and Kaiser Aluminum up 1.83%.

Additionally, Alcoa recently received $174 million in equity financing from the US Department of War for the construction of a gallium production facility at its Wagerup alumina refinery in Western Australia, projected to produce 100 metric tons of gallium metal annually. The project, which broke ground last month, follows a final investment decision by Australia, Japan, and the US, underscoring Alcoa's expanding role in critical mineral supply chains.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)