The aluminum industry had accomplished what other industries said was impossible. With hourly wages up 75% over 1939, the price of primary aluminum had been reduced by 30% (from 20¢ to 14¢ a lb.). Last week, aluminum's two new members, who had given the industry the first competition in its history, made even more significant price reductions.
Henry J. Kaiser's Permanente Metals Corp., with the usual blare of trumpets that accompanies any move of the Kaiser enterprises, lowered the price of sheet aluminum to 21$ a lb., "approximately 15% below anything ever produced for sheet metal fabricators." The same day,...
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