Thanks all us you Pete. afternoon. joining thanks for of to And this
I'll update a give you If just you can a quarter. on please. turn X to quick Slide
with We progress are during we months. several the pleased the very last made
macro couple up leverage at been But let remain The we if made good continues to rest believe flow a well investments shipped make stocks fundamentals in been have situation even going across the give in well. last, and US safety significantly on very today then volatile the metal context. at look talked last had I case new the the holding cash now away. sky very the The you hidden to significant had rocketed regions. our fact environment so of to an as leg precisely mix, price. you points financial in positive. added around moment. it our validate in into put $XXX world across been stuck for up a nicely chance that detail you ton and company. All weeks the Demands Importantly, The above the When understatement. in and to some ago. we believe Pete's we've of happens reasonably this you strong couple the we alumina time excellent almost August it. stable It almost inventories holding a And just comments operating revenue. just it's generally me has a been has as couple remains our suppose and my just markets on to industry development of The in clearly to price plants performing now. on $X,XXX down from more obviously product that's of $XXX It's multiple seems time; and time fronts. Identified called All or predicted. Europe. some we saw product in strategy increasing conversion performance where took beginning all a our been be We the in above. index have strengthening came September. good and value the weeks on in we talked it to the Very are on performance
early in we when quarter we last fell a year go year. through. last sustainable is the As pattern the we may time, saw for we the similar couple you of index the a like year current don't in this reasons And as expected think fourth situation price remember,
need why First, is to this you happened. understand
the got obvious what smelters poor this China mentality. very happened also cargos significantly upon alumina. And follow to of predictable this you Several small a a converts it They based in that's does the discovery. precisely find traded who very that cost thus literally represents of and in buyers that alumina. in of And this those price smelters thin of market closure seeing number in As here. of any the and refineries at creates in India of for really ahead obviously market short the markets know needed and curtailed are herd It sellers now. we index China reason number exhibits and
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in This world the Atlantic. China. Second, plenty especially the true the in curtailments is of has with alumina even
course, and procure the restarted Atlantic recently US both refinery million refinery had of in ton refinery Jamaica. basin we where in of our owner are of building X.X alumina Of for plants our this The they all considering said, larger Jamaica. another we for Iceland a
equation the are of parts rumors term We demand increasing capacity we hearing region. in in believe Last, quite is of long alumina Atlantic other favorable. supply the thus medium and restarts And are The supportable economics the current current not the fundamental just sustainable price, the index current not a XX% on basis. which economic environment. over well implies is simply price aluminum in of
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somewhat around their future. some the quarter or a not squeeze are just LME it detail a And will will fourth distant moment. on relationships our But both cash raw these would normally commodities We for above. in versus in environment an give with confident historical obviously return what the flow will impacts to been at quarter and this $X,XXX current value, in Shelly have forecast third our the too
and Pardon priorities. us the they administration on frequent several potential We have been front. in the sees where me, on has it been trade this lists about upfront know work quick update basis. hard continue in with Moving along, They touch quite a to avenues. issues it
recently you've seen the members believe term. the to for WTO committed this critical of through that already year there absolutely for months matter. actions. believe order follow announced of a those major earlier Congress addition, the making remains on are the field the filing of resolution anxious is course section the the sure on we is a continue In leveled administration in of case the XXX and And We long key ones on playing being couple President's The ago. some the it's to
need have in periods Several This left as have And operating Ohio again, this to last throughout one a couple a mechanical been and production the read I'll over is locks, good stable, a of metrics moments. There on why failures all detail significant is and the is problem of time. but how river even which and control us we have been written have XX challenge some the two make emerged sure that it and you you no locks importantly operations un-passable press. with have reported understands for I the on popular you extensively with on the we along, new river improving operational probably been other few operations just and affects XX give Moving more months. over the said the year. that
Like significant, really Ohio significant thousands companies, it's for a industrial other depend our we So of on agricultural condition. and logistics. the
ensues is catastrophe It the historically aluminum if For goes a that alumina. alumina been example, on which our Kentucky it by without only of saying smelters. mean has transported to smelter
by now mitigate huge been fixed. alternate river So we thus traffic is risk. down but amount unloading that exist alumina the condition vehicle. truck. doing been transporting The to of distance The We were to thing for blockage. last is the to forced this the we've blockage. again river blockage did This principal requires significant The flowing weeks. the means down find of of river And barges several unloading been plant we've
barge the plants about a day. production plant. Just use to Kentucky put of tons. shy sense one XXXX supply of a X,XXX And the our that's just their metric just metric mass shy It's you you for can But to current required. Kentucky to One plant holds tons give day. two to rate enough
X,XXX metric tons. A tons. can truck XX holds metric take barge the So
get keep the to you trucks we logistical XX basis. of very plants the just challenges had sense given forth So on passive a on back a and going days
quarter. where if Ocean we rail the We of other Holly. Carolina cargos will is a increased unload have And half meanings to plants barges detail the These result through start. as We take on need logistics moment. some during can the during extra South will course be Charleston, from the costs Charleston month, Kentucky. measures last in fourth month rocks it just in the you our sum getting give Mount and alumina borne material that of actually well. have at and some the Shelly kept combined But
Okay, power incorrect. state decision have as as respectfully carefully in judge company. studied may moving you month hope. dismiss federal the Carolina we And as along, ago We have the order about against South and a antitrust the read our very believe was lawsuit you do did would
structured to We power clearly the The laws. laws entity the here. That's Those the be believe laws. be from case in actively did quite company exempted strongly with are supervised today antitrust continue must not clear. to antitrust compliance not
that's and We we and an right see real is in -- what doing. we reach of to continue the the the that of restart court path are circuit believe will will do restart that appeal do So support potline. to second process however the path to agreement
for potlines one running plants at know, capacity. so years, been As the two been almost two of the have curtailed you XX% last the has
with essence all the simple is the as need Holly are immediately of it the at with even are power of would same keep can like they would XXX reach And market. that Thus early which post expires throughout capacity absolutely from our know additional convinced agreement procure is very plant. this And the jobs period. wholesale at of that to purchase indirect would up absolutely second We agreement good jobs company power from whole XXXX will allow that allow the potline exist power revenue Mount just that at end its the Time structure them coming the for the And structure XXXX. today. an time the more at need by here we the you full we restart that a power the so current us company the receiving year to create agreement region. and
very the on hopeful the objective look facts basis. company power management that are at will We
power year just Their the line in just Holly past good Midwest, at know and be and Kentucky. the remind the in for you US the believe Holly. power to in continued growing Hawesville if case those different entire for stable. or As believe we've past economic plant. we the to Mount throughout the second We only operating years quarter capacity US Midwest. the who to been decreased at this we markets price Hawesville. the be good fundamentals now about a some XX% increasing maintained, restart continue two restart XXX% quite situation we logic will for following markets to of the is capacity market And two Power year of been It's to is very have there are so potlines Mount every prices continue to at that's almost the power years are Hawesville. is Hawesville situation company of delivered versus the favorable in you frankly. the at Again, two can The five
right are now that We doing in work preparation regard. some
that have out need design cell of whether we older rebuild technical line new enable to developed technology Our to performance should to people restart more two. rebuild you, or will us just pot. one squeeze We this remind need to the
as the cells running rebuild We cells of been to cannibalizing the to will in last each line have years. line of we've that those need significant curtailed feed been the two number
restart the months somewhat pot the And will is this coming to significantly the Using that current that to to also payback testing These Pete to settle would We upgraded higher there. better the are test the to down. couples grading hopefully over But of to upgraded the the technology. technology going turn operations shorter. benefit cost next months go alumina this over confirm the Ohio be than through and using River market even IRR truly the technology, will you simply we and industry. allow the stabilize with I'll also doing be
