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clock Created with Sketch. 08/05/18
10:30
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Originally posted by rocket973
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Power costs are one of the most important considerations for a smelter complex. GMC management never anticipated the huge increases in power costs otherwise they would never have wanted to build a smelter in Indonesia. Basically caught with their pants down and now with no other options but to forge ahead regardless of the fact that GMC will be alone in the highest category of expensive power for producers of manganese alloys. Its not a matter of IF GMC goes broke, because it will. It will just be a matter of when.Can Indonesia's PLN wean itself off the government's subsidies?
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So GMC management failed to anticipate changes in global coal and crude oil prices? I would suggest that if you could anticipate those price changes you wouldn't be wasting time building smelters.
