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Alcoa (AA) Stock Gains on Aluminum Trade Investigation, Jim Cramer’s Take

NEW YORK (TheStreet) -- Alcoa (AA - Get Report) stock is increasing 0.58% to $9.56 in early afternoon trading Thursday after the U.S. International Trade Commission began an investigation of the impact of aluminum imports on the domestic industry.

A similar investigation into steel imports earlier this year resulted in higher tariffs, especially on Chinese imports, causing steel-related stocks to rally.

If the U.S. government imposes tariffs on aluminum imports, Alcoa's stock price could double, TheStreet's Jim Cramer said on CNBC's Squawk on the Street this morning.

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