Interesting quote for a screed I received from my broker RBSMorgan on Alumina - they have a target price of $1.95. All good here from my point of view:
"China is going to import more [bauxite] from Australia as well as other countries like Guinea, Jamaica, Fiji… All the imports from these countries added up together still won’t be enough to fill the gap [left by Indonesia]." – Wan Ling, CRU head of China non-ferrous, Beijing
AWC Price at posting:
$1.46 Sentiment: LT Buy Disclosure: Held
