Aluminum price pressure will go on—CFO Australia Alumina Company

Sydney, Jan. 9—Australia Alumina Ltd. CFO said aluminum price will continue a big pressure in aluminum market. CFO of Alumina Ltd. Ken Dean said on Jan. 10 their decline profit will continue in 2008. Australia Alumina Ltd. Has lowered basic profit expect from 490m to 405m pataca. He pointed reason such as commodity price, rising cost and pataca rose. Dean said freight and resource cost growing are main reasons that lead to the growing cost of aluminum cost. He supposes these cost will not fell in 2008. He thinks considering the market prospect, alumina price has a potential rising space. Some facts said the rising cost will lead to aluminum cost rise soon and later.