History of the Company:
Alcoa was founded on October 1, 1888 in Pittsburgh, Pennsylvania by Charles Martin and Alfred E. Hunt after Hall discovered how to use electrolysis to create aluminum affordably.
Since its founding, it has led the metals industry internationally as the primary supplier of lightweight aluminum across the aerospace and automobile industries, but revolutionized the cooking, furniture, and construction industries by introducing lightweight, easy-to-clean, and environmentally friendly utensils, frames, and supplies.
It has grown into the world’s most admired metals company and has been listed on Fortune magazine’s Most Admired list for the last 29 years.
Trading Alcoa: What You Need to Know
- Alcoa held its initial public offering (IPO) on the New York Curb Exchange in 1925, and has been listed on the NYSE since 1951.
- The company has locations in over 30 countries and employs roughly 60,000 people.
- Alcoa is one of the most stable companies to invest in and offers a number of different stockholding options.
- The steadily rising cost of energy may threaten the company’s profitability in the future.
- Primarily sells to companies located within the United States.
- The metals giant has recently fallen under the pressure of emerging competition worldwide, as new companies claim larger portions of the global market share.
- Alcoa has the advantage of possessing an integrated business strategy and highly developed expansion plans.
Anyone who wants to trade Alcoa should carefully analyze the market conditions before trading.Trade AA