Dave Deek - BlueSky is Amazing @davedeek.substack.com · Sep 21 Iceland, one of the coldest countries on the planet, made large investments in electricity generation. Where does it go? Iceland is one of the largest aluminum refiners. The aluminum ore comes from tropical countries and gets shipped to places like Iceland, where electricity (not labor) is cheap
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Refining aluminum oxide into aluminum is similar to that high school science experiment where you split water into hydrogen and oxygen, but with molten rock and gigawatts of electricity. The ore is cheap and readily available; all the cost is in the electricity input.