Even at the painful cost of $200 million a year to its balance of payments, Britain has long accepted its role as one of the world's foremost aluminum importers. The high price of the electric power required for aluminum smelting has kept British manufacturing down to an insignificant annual 39,000 short tons of ingots, less than 10% of the country's needs.
Soon this is going to change. After years of dawdling, the Labor government finally announced its plan to help set up a domestic aluminum industry. British Aluminium Co. .(partly owned by Reynolds Metals of the U.S.) and the...
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