Australian Stock Picks Alumina (AWC)

7 May 2010

Alumina (AWC) is a leading Australian company that invests worldwide in bauxite mining, alumina refining and selected aluminium smelting operations.

Alumina Ltd (AWC) reiterated its FY10 guidance on expectations of a 10% increase in alumina demand.

AWC sighted changes in aluminium prices and fluctuations in the exchange rate as the key threats to its forecast.

AWC failed to provide specific guidance in February, so it is likely that today’s forecast referred to production and costs targets for this year.

Australian stock price for AWC has seesawed over the past year; however it has rallied in the previous sessions.  The stock last closed at $1.58 a share.

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