How does the recent industry consolidation impact Global Alumina?
Though the recent consolidation reduced the field of potential industry partners and extended the duration of Global Alumina’s competitive bidding process, industry consolidation should have a very positive, long-term effect on Global Alumina’s profitability and growth prospects because highly concentrated industries generally exhibit greater control over market supply and pricing. As a minority, independent supplier to the market positioned as it is on top of the prime developable resource with premier partners, Global Alumina should reap the benefits of both.
