Word: aluminum
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With a 37-year career in the aluminum industry, handling coups and monetary crises, Richard Evans, 59, is no stranger to challenges. After four months as CEO of Montreal-based Alcan--the world's No. 2 aluminum producer and the market leader in such products as balsa wood and Stelvin wine caps--the record-making fly fisherman spoke with TIME's COCO MASTERS about energy efficiency, China and his Audi...
...Aluminum is energy intensive. How are you improving efficiency...
...have upgraded to AP35 and have AP50 under development. AP originally stood for Aluminum Pechiney, and it is numbered by the amperage of the cells. So AP35 is technology that uses 350,000 amperes. It improves the capital efficiency of the plant and the energy efficiency of using the electricity. Today it's about 95% efficient, whereas when I started 30 years ago, 85% was typical...
...China's appetite for metal going to affect aluminum supply and prices...
...alumina. Over the next two to three years, some of that capacity will be activated, but probably not all of it. In the mid- to longer term, China will be in balance. It will not be an exporter and could even go into deficit and be an importer [of aluminum]. That would be good for the world aluminum market. The price of aluminum going forward will be higher than it has been historically...