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by mtnGoat
532 days ago
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Alcoa actually owns 26% of the output of a hydro electric dam on the Columbia River(Rock Island Dam) directly adjacent to it’s mothballed factory. It’s not that they can’t get power in the US cheaper, it’s that they can resell that power at higher profit than running a smelter with that power. Thousands of jobs left the town and now a several billion dollar plant sits idle. The idea recently floated they sell the land, power and water rights to MSFT for their new water cooled data center’s nearby, but MSFT didn’t want to own all that infra. |
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