'Reykjavik Energy' Tag Archive

Aug 18 2005

Aluminium Smelters Add Little to Iceland’s Bottom Line


Iceland Review
08/18/2005

In its Tuesday daily bulletin, KB-bank says that the benefit that Iceland derives from aluminium smelters is small. The bank supports this view by claiming that the electricity is sold at close to cost and the rate of return for hydroelectric dams is low. It also says that the economical impact is overstated in the local discourse.

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