Alumina News

Australian stocks rose in early Friday trading, with select retail and materials shares among the major gainers, as the S&P/ASX 200 rose 0.3% to 4,068.90. Newcrest Mining Ltd.

Weakness in most commodities and rising fears of a messy Greek exit from the euro zone sent Australian stocks down sharply Wednesday, led by losses in the resource sector.

Shares of Alumina Limited traded up 3.87% during mid-day trading on Tuesday, hitting $3.76. Alumina Limited has a one year low of $3.48 and a one year high of $9.92. The company has a market cap of $2.294 billion and a P/E ratio of 17.40. Alumina Limited is an Australia-based company.

The Western Australian state government said Wednesday it has granted the Australian unit of Alcoa Inc.

John Bevan, CEO of Alumina Ltd ., has been named chairman of the International Aluminium Institute at its 81st board of directors meeting, held April 30, 2012.

Japanese and Australian stock futures fell as the slowest expansion in U.S. business activity since November 2009 signaled manufacturing is slowing in the world's biggest economy, weakening the outlook for Asian exporters.

In our opinion, we don't expect the market dynamics to improve in the next two quarters.

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