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ALCAN INC. $48 (Toronto symbol AL; SI Rating: Average) is the world’s second-largest producer of primary aluminum, after U.S.-based Alcoa Inc., with about 13% of the world’s aluminum production capacity. Manufacturers turn primary aluminum into a wide variety of products, including automotive parts, construction materials and beverage containers. North America accounts for a third of its sales.
Alcan’s sales rose from …read more »
In the 1980s and 1990s, Alcan qualified as what you might call a cyclical growth stock. It was cyclical because demand for and prices of aluminum and aluminum parts generally rise and fall with the economy. But it had a growth element because aluminum’s strength and light weight make it ideal for use in car parts, to cut fuel consumption.
In …read more »
