Word: alcoa
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Dates: during 1950-1959
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...huge aluminum smelter at Skagway, Alaska, to be powered by harnessing the waters of the upper Yukon River. The project was to cost $400 million. But there was one hitch. The Canadian government wanted the industry to be located where the power came from: in Canada. Last week Alcoa's big plan became just a set of useless blueprints. British Columbia gave the go-ahead for developing the vast power potential of the Yukon to Canada's Ventures Ltd., big mining and metal holding company headed by publicity-shy Thayer Lindsley of Toronto (TIME, June...
...project. It can mean rapid development of a rich and virtually untapped area, with an inland water storage system on the continent second only to the Great Lakes. As rapidly as possible, smelters and refineries will be installed to process iron, steel, cobalt, nickel, manganese alloys and aluminum. With Alcoa out of the picture, another U.S. aluminum company. Reynolds Metals, came in. Reynolds will probably supply a third of the capital for the $270 million first stage of the project, scheduled for 1962, and eventually use a third of the power for aluminum refining...
ALUMINUM PRICE RISE will result from Alcoa's contract settlement with 26,000 A.F.L. and C.I.O. aluminum 5? hourly wage increase, plus fringe benefits amounting to another 5? an hour...
ALUMINUM PRICES may go up soon. C.I.O. Steelworkers asked Aluminum Company of America for same wage boost won in the steel industry. Alcoa says it cannot absorb the raise without a price boost...
LIGNITE, a poor-heating cousin to coal, will get its first big U.S. industrial test as a cheaper substitute for water power and natural gas in generating electricity. Alcoa has just opened a $100 million aluminum smelting plant (capacity: 90,000 tons annually) near Austin, Texas, which will experiment with lignite from the state's abundant supplies as an exclusive source of power...