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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Mark Adams who wrote (62244)	1/27/2001 5:50:23 PM
From: yard_man	Read Replies (1) of 436258

AL are producers definitely in a situation of excess capacity, Mark -- and that not just considering production that is idle now at the apex, but the future prospects of the end users of their product -- esp. autos & construction. I think ALCOA is net short or was at the last financial report I read ... Some of the smelters in the Nowthwest have power contracts that allow them to resell the electricity -- right now some of them can make more money selling the electricity instead of converting it to aluminum -- electricity is about 30% of the cost input. This has been in the news recently ...

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