Word: ingot
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...reason the feeding can begin that soon: since an industry-OPM committee began scanning plants for a possible 10,000,000-ton expansion last spring (TIME, June 16), individual companies have already announced work in progress on over 6,000,000 tons of new ingot capacity. U.S. Steel alone in two months has announced plans for 4,000,000 tons...
...most of Canada's aluminum industry had been put out of action for weeks to come. The stoppage occurred at the $150,000,000 Aluminium, Ltd. plant at Arvida which, using cheap water power to process ship-borne bauxite ore from British Guiana, is now turning out enough ingot aluminum for 50,000 airplanes a year, and has become the second biggest single aluminum-production center in the Western Hemi sphere...
...terrific effort attains an aluminum ingot capacity of 600,000 tons (up 420,000 tons from 1940) by next year, and cuts off all aluminum for civil and indirect military uses, it may have barely enough for direct military needs. Such was the consensus of testimony last week before Senator Harry Truman's committee investigating the state of U.S. defense. But what really interested the committee was why the Army, Navy, defense production agencies and the aluminum industry itself all failed to recognize that fact last fall...
...index is a composite of 81 series which measure production in 33 industries. Very few of those series are available weekly. TIME'S index is a composite of only three factors: steel ingot production, electric power consumption, and freight carloadings, all available weekly. Of these three, only steel is also a constituent of the FRB index. But power and carloadings fluctuate in line with activity in so many other industries that TIME'S index indirectly represents as broad a cross-section as the FRB. Calculated back for the past six years, the monthly average of TIME...
...grounds that Aluminum Co. of America is a monopoly, started an antitrust suit that has yet to be decided. Last year the Government took a more direct route to the same end. Its RFC loaned smart little Reynolds Metals Co. $15,800,000 to build its own aluminum ingot plant (in Alabama) to compete with Alcoa. Month ago RFC advanced another $4,200,000 to Reynolds, to help with a Bonneville plant. Last week Reynolds Metals put out its 1940 report, proof that Alcoa's competitor was growing fast. Its 1940 sales were a record...