Alcoa Unveils Advanced Aluminum Alloy and 2 More Heavily Traded Stocks to Follow
Alcoa Inc. (NYSE:AA): Current price $8.59
Alcoa on Monday rolled out a new advanced aluminum wheel alloy. The material will permit lighter-weight wheels at heightened strength with the same corrosion-resistant characteristics similar to the industry standard, which is also made by Alcoa. Alcoa intends to debut a new wheel featuring the alloy early next year. Unveiled at the American Trucking Association Management Conference & Exhibition in Orlando, Florida, the lightweight alloy, MagnaForce, is on average 16.5 percent stronger than the industry standard.