Aluminum is a key material in industries such as automotive, aerospace, construction, packaging, and renewable energy. As the world transitions to greener technologies, demand for aluminum is expected to grow. We think that Alcoa has an edge over other aluminum producers given its strong balance sheet and also due to the fact that its facilities are based mainly in the U.S., resulting in lower energy costs compared to European rivals. Alcoa has been taking steps to improve its operational efficiency and reduce costs, including refining its production capacity, streamlining operations, and focusing on high-margin products.