Alumina traded at 1.45 this Tuesday July 23rd, decreasing 0.03 or 1.69 percent since the previous trading session. Looking back, over the last four weeks, Alumina lost 14.20 percent. Over the last 12 months, its price rose by 7.81 percent. Looking ahead, we forecast Alumina to be priced at 1.42 by the end of this quarter and at 1.33 in one year, according to Trading Economics global macro models projections and analysts expectations.
Alumina Limited is an Australia-based company engaged in investing in bauxite mining, alumina refining and aluminum smelter. The Company's business undertaking is in the global bauxite, alumina, and aluminum industry, which it conducts primarily through bauxite mining and alumina refining. The Company conducts these business activities through its joint venture, Alcoa World Alumina and Chemicals (AWAC). AWAC is a producer of alumina and bauxite miner. The Company provides bauxite mines and alumina refineries in Australia, Brazil, Spain, Saudi Arabia, and Guinea through its AWAC joint venture. AWAC holds 55% interest in the Portland aluminum smelter in Victoria, Australia.