Word: ingots
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Dates: during 1940-1949
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...ever. As for the bauxite monopoly, Alcoa pointed to plenty of uncontrolled low-cost ore in Surinam (Dutch Guiana), high-cost ore in Arkansas. As for national defense, Alcoa pointed to $26,000,000 worth of plant expansion in 1937, $30,000,000 worth last year. As for the ingot monopoly, Alcoa's claim has always been that anyone was at liberty to compete, but few had ever tried. Last week, in the nick of time to strengthen Alcoa's case, an ingot competitor hove into view...
...days later the industry's No. 2 unit, Bethlehem Steel, announced that it would triple its electric capacity, have two new 50-ton furnaces ready soon after Labor Day. Total additions to electric-ingot capacity now in prospect for the industry: 450,000 tons a year, an increase...