- Shares of Alumina Limited (ASX:AWC) are currently trading near 18-month high levels.
- AWC is engaged in bauxite mining, aluminium smelting, and alumina refining.
- Prices of Guinea bauxite hit 18-month highs on Monday in China due to supply concerns.
Shares of the world’s largest alumina and bauxite producer, Alumina Limited (ASX:AWC), are currently trading near 18-month high levels. Shares of the company surged by 14.04% in the last five days to trade at AU$2.035 per share as of Tuesday afternoon.
The shares started an uptrend from mid-August, though share prices shot up early on Monday morning by nearly 9% within the initial few minutes of trade. AWC has given a mind-blowing return of 32.25% in the past year.