Word: alumina
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BYRNE: We own Alcoa, which we consider a defensive play. Alcoa doesn't just make aluminum. It owns alumina, which is the starter, the yeast, and which is in short supply. Alcoa pretty much controls alumina in the world. That makes it special...
Doors are now swinging open for a wide variety of foreign projects in India. The Gandhi government recently obtained $680 million in loans on the Eurocurrency market to build an alumina plant southwest of Calcutta. France's Aluminium Pechiney will be constructing the factory. New Delhi also plans to build eight 1,000-MW electric-generating stations at a cost of nearly $1 billion each. The first of these will be built by a British consortium headed by Northern Engineering Industries of London...
Phibro, for example, already sells alumina, the material used to make aluminum, for Guyana. If that South American country some day needs a new hydroelectric plant to supply power to an aluminum smelter, the Salomon Bros, wing of the new company could raise the capital for the plant, and the Phibro one would then market the final product. Said Hal H. Beretz, 45, the president of Phibro: "The parts of this merger are unique. There's nothing out there that is going to match this combination." That attitude was the driving force behind last week's merger announcement...
...develop secondary and tertiary sources, many of which will become both economically feasible and absolutely necessary as conventional minerals become costlier in the 1980s. For example, the U.S. imports 93% of its bauxite, the major aluminum ore, but the Bureau of Mines is experimenting with a process to extract alumina from clays found in Georgia and Arkansas. More experiments, more domestic mining and some compromises on the environmental front would help avoid repetition of the oil saga of the 1960s and 1970s, when the U.S. became needlessly overdependent on dubious foreign suppliers. In an era of growing economic confrontation, increasing...
...volume supplement, which was published in 1933. Now they are beavering away on a four-part, 50,000-entry supplement to the supplement, and they have just come out with Volume II, which takes the ever-changing language from H for "Haarlem" (a blue pigment containing alumina) through N for "Nzima" (an African language spoken in Ghana...