Business: Bright Metal

Reynolds Metals Co. boosted its primary production of aluminum to 100% of rated annual capacity (601,000 tons) last week, and said: "We're selling aluminum as fast as we can make it." Production at Aluminum Co. of America and Kaiser Aluminum & Chemical Corp. was also rising, bringing the industry to 90% of its 2,300,000 tons primary capacity. Preliminary figures indicate that May production hit an alltime monthly high of 164,000 tons, and makers are confident that 1959 will be a record year, about 20% over 1958.

Most encouraging to aluminum producers is that demand is not based merely on the business recovery,...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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