AWC Profile Leaps and its at a bargain price

AWC (Alumina) has lifted its first-half profit to $US136.6 million ($A172.7 million), thanks to higher prices realized by its joint venture with metals giant Alcoa. Alumina's 40 per cent stake in the venture yielded the ASX-listed firm a profit of $US147.1 million ($A186.2 million). Alumina said it now expects global aluminium demand--which has grown over 5 per cent so far this year--to continue, driven largely by China. Global aluminium consumption is growing and underpins demand for alumina and bauxite.

AWC at its current SP of 2.1 is a definite BUY bargain.