ALUMINUM: Maybe 10^, Maybe Less

Richard Samuel Reynolds, smart boss of Reynolds Metals Co., who will soon be Aluminum Co. of America's one competitor, last week told a Senate committee that he will produce aluminum for 12¢—maybe 10¢—when his Alabama and West Coast plants get in production. At 10¢ a pound, the No. 1 light metal of World War II would cost only half what it did last year, before Alcoa's three consecutive cuts brought it to 17¢.

Since war began, U.S. aluminum capacity has risen from 160,000 to 425,000 tons annually. Even this is not enough. Last week, RFC's Metals Reserve Co. got aid from...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!