By my calculator 1661 / 2.205 = $753.29/lb which is slightly higher than above charts??
But NZD depreciation also helping since most of aluminium cost is the electricity
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How did you not see the "a bit like"
I didn't realize power companies didn't retail aluminium. There you go. ;-)
Anyway, what you are suggesting was similar to what I was getting at.
I don't necessarily think its a good thing, especially if the end result was NZ citizens subsidizing aluminium production, but its a thought.
D-day #2 approaching...
SP is saying no worries mate. Believe the market.
The several hundred million dollars of environmental liability will probably be the swing factor in the smelter staying open.