Why Alumina Limited is flying

Shares in Alumina refining and bauxite mining investor Alumina Limited (ASX: AWC) are up more than 4% to $2.44 at the time of writing – one of the biggest gains on the S&P/ASX 200 so far today.

Alumina Limited owns 40% of global alumina business Alcoa World Alumina and Chemicals (AWAC) and its share price has tracked upwards steadily over the past 12-months, up 46% from its 52-week low of $1.66.

Alumina Limited investors may be buoyed by news the global activated alumina market will cross the billion dollar mark by 2024, with Asia Pacific companies said to lead the market throughout the forecast period.

Activated alumina is used to help remove contaminants from water supplies, with the growing wastewater treatment market also a burgeoning sector.

Alumina Limited reported its FY17 results in late February, announcing a NPAT of $339.8 million up from a loss of $30.2 million in the previous corresponding period.

Alumina Limited’s 2017 yield is 7.5% fully-franked with a final dividend increase of 6.2c per share on the previous corresponding period.

One to watch for certain.

OUR #1 dividend pick to grow your wealth over the new financial year is revealed for FREE here!

Financial year 2018 is here and The Motley Fool’s dividend detective Andrew Page has revealed his must buy dividend share to grow your wealth in 2018.

You might not know this market leader's name, but it's rapidly expanding into a highly profitable niche market here in Australia. Even better, the shares boast a strong, fully franked dividend that should balloon in the years to come. In other words, we're looking at the holy grail of incredible long-term growth potential AND income you can watch accruing in your account in real time!

Simply click here to grab your FREE copy of this up-to-the-minute research report on our #1 dividend share recommendation now.

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!