Costs bite Alumina: Citigroup

ANALYSTS at Citigroup are cautious of Melbourne-based Alumina following its recent downgrade in expected earnings to $490 million, 5% lower than the $515 million in expected earnings tipped by the brokerage.

Costs bite Alumina: Citigroup Costs bite Alumina: Citigroup Costs bite Alumina: Citigroup Costs bite Alumina: Citigroup Costs bite Alumina: Citigroup

A fortnight ago, Alumina said its average refining costs were $US20 per tonne higher than the previously estimated increase of $4/t for 2007, with a key driver being the exchange rate impact of a

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