The U.S. continues to lose its national aluminum smelter capacity as its industry is priced out of the market. One of the primary problems is the high cost of electricity which can be 25% of overall costs. From an international perspective, the U.S. domestic aluminum industry is not competitive with other options such as Iceland and China.
Business Intelligence Architect at GW Strategies, Inc. "We do more research than you."
Aluminum has been identified by U.S. Geological Survey as one of 50 critical minerals. The U.S. is steadily losing its overall aluminum smelter capability as its industry is priced out of the global market. One underlying reason is the U.S.' inability to provide its smelters low-cost renewable energy as electricity costs run as high as 25% of overall costs. https://lnkd.in/gXcUBE8g