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To: rails99 who wrote (90850)	5/13/2001 1:54:28 PM
From: Frank Pembleton	Read Replies (2) \| Respond to of 95453

Aluminum + Power Generation -- Rails99, thanks for the reply, Iso posted some charts on Friday on a couple of mining companies that created some curiosity on my part. I'm thinking since the auto industry is in a downturn I was curious how the price of aluminum is holding up. Mining companies tend to move in unison with the underlying commodity. I was surprised by the Alcoa chart, even more surprised by the Alcan chart! It seems power generation has made these companies recession proof(!?) Since there's a diversion of power resources from aluminum smelting -- to the power grid, the price of aluminum must be fairly stable. Once the business cycle favors the auto industry, there could even be a shortage... Anyway, I'm thinking out loud and by the looking at the charts I'm probably a little late to the party. ...or a little early, since my strategy is to buy and hold :) Regards Frank P.