Alcoa Heads for Biggest Gain Since 2016 on $1 Billion Revamp
Roy Harvey, chief executive officer of Alcoa Corp., speaks during a panel discussion on the opening day of the Investing in African Mining Indaba in Cape Town. (Photographer: Waldo Swiegers/Bloomberg)

Alcoa Heads for Biggest Gain Since 2016 on $1 Billion Revamp

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(Bloomberg) -- Alcoa Corp. shares headed for the biggest gain since early 2016 as investors welcomed the company’s plans to get leaner by selling assets to weather a market rout.
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