Financial News

The interconnections of the global economy are fascinating… Aluminum smelting requires massive power… Some of the world’s least expensive power is created by the natural geothermal geysers of Iceland… And so three of the largest aluminum smelters in the world are located in Iceland… I looked at financing the second one, eventually built in 1999 and now owned by Century Aluminum, a spinoff of Glencore… Binyamin Appelbaum of the New York Times tells the story in American Companies Still Make Aluminum. In Iceland.…