The COVID 19 pandemic and subsequent global economic shutdown has had dramatic consequences for numerous industries. The shutdown has forced London Metal Exchange (LME) prices for aluminum below sustainable levels for U.S. based producers.
Two U.S. smelters were considered for closure due to low LME prices prior to the virus outbreak, primarily due to Chinese over-production and energy subsidies.
With the COVID 19 crisis, the remaining U.S. production capacity cannot economically compete, placing access to an essential metal for U.S. industry, and U.S. sovereignty, at risk.
As the Peoples Republic of China (PRC) dominates world aluminum production, U.S. domestic aluminum capacity is in peril. The U.S. has seven aluminum smelters (Intalco being the largest) - the PRC has over 140. The U.S. facilities are financially at risk without significant assistance. A loss of U.S. aluminum manufacturing will be a direct threat to U.S. national security and economic independence.
Intalco Aluminum = American Independence