sleeper stock of 2008, page-6

From what I know Alcan has the cheapest supply of energy through long term contracts. Energy is currently the biggest rising cost input for all aluminium producers, but I reckon they would easily be able to pass on these cost increases. Just take a look at the steel industry. Cost of iron ore has gone up so much but OST and BSL share prices are still close to all time highs.

The problem with aluminium is China. They are producing too much at sub economic profits while polluting the country enormously. Sooner or later that has to stop. Take a look at the profit margins of aluminium producers and that of iron ore and base metals. They are tiny, so small increases in the aluminium price means huge increases in profits and that's why i think this could a medium to long term play.