Alcoa (AA) Stock Poised for Breakout? Gallium Project, Tariff Relief & $40 Target Stun Investors
Alcoa’s stock story is a mix of bullish projects and market risks. The recent government-backed gallium plant (critical mineral for tech and defense) is a major positive, potentially diversifying Alcoa’s business beyond aluminium. Yet the industry is grappling with high US tariffs and costs. Below we break down these developments and what analysts are saying. Government support and the new Gallium project On Oct. 20, Alcoa announced that US and Australian agencies will provide funding for a joint venture to build a gallium plant at Alcoa’s Wagerup alumina refinery in Western Australia news.alcoa.com. In August Alcoa and a Japanese-US-Australian venture
