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Regulatory robbery: Alcoa edition

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Alcoa, the world’s leading aluminum company, is struggling. But Uncle Sam is helping them out, Bloomberg reports: To be sure, Alcoa is seeing rising demand from automakers, who are increasingly compelled by regulation to make lighter vehicles…. The average amount of the metal in each vehicle will rise 3 percent, he said in a June 26 note. Heavy-truck producers will buy 19 percent more...

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