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According to the Australian Daily, Alumina LTD's net profit in the first half of 2010 climbed to $44.2 million, about ten times the profit of $4.2 million in the same period last year. Alumina's alumina production accounts for approximately 17% of the global market. The company's CEO, Mr. John Bevan, said: "The company's cash flow and market environment have undergone major changes. In 2010, global alumina demand is expected to rise by 12%, prices will also improve, and the industry's development prospects are bright."