Banks and the control of Aluminium

Discussion in 'Apple, Inc and Tech Industry' started by luffytubby, Jul 29, 2013.

  1. luffytubby macrumors 6502a

    luffytubby

    Joined:
    Jan 22, 2008
    #1
    Link; http://www.nytimes.com/2013/07/21/b...t-to-banks-pure-gold.html?pagewanted=all&_r=0

    Basically many banks have begun buying all the factories that produce and distribute Aluminium. A desired Metal, from which Iphones and Macbooks are made of.
    What the Banks do is that they have increased the weight time for companies to get a shipment of Aluminium from 3-4 months, to 16 months.
    They drive these trucks of Aluminium through "check ups" between warehouses almost endlessly.
    Why? Aluminium is a great product and near irreplaceable. For what purpose? Much like the diamond industry, they can manipulate supply and demand, and rise the prices. If it's suddenly harder to get a hold of Aluminium everyone has to pay more (Apple, Coca-Cola etc) to all the people in the banks who own these Aluminium factories.

    What do you think? Could there be a link? Since Apple can't use another metal alloy with the same benefits as Aluminium, doesn't it make sense to make a cheaper more mass produced Plastic version, while keeping the Aluminium products in the higher pro-consumer bracket. They can make lot less of them, so they need a lot less aluminium compared to if every entry Iphone or Ipad was made from Aluminium. With a 200 Dollars less device, maybe only one/8th or one/10th of a device would be made from Aluminium, allowing Apple to get away from these banks chokeholds of a desired ground material.
     
  2. waa1futs, Jul 29, 2013
    Last edited: Aug 10, 2013

    waa1futs macrumors 6502

    Joined:
    Oct 2, 2012
    #2
    Hopefully this forces Apple to bring back the glass / stainless steel design of the 4 and 4s for future iPhones :D

    Aluminum is quite crappy when it comes to scuffs since its so soft :(
     
  3. atlatnesiti macrumors 6502a

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    Sep 4, 2008
    Location:
    Sydney, Australia
    #3
    First of all, in comparison to automotive, building or food and drink industries around the world, Apple use of aluminium is minimal - tiny drop in the ocean.
    Secondly, let's not forget about Apple acquisition and recent patent for Liquid Metal manufacturing.
    There are always alternatives... ;)
     
  4. ogremoustro macrumors 6502a

    ogremoustro

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    Los Angeles, CA
  5. Lucille Carter macrumors 65816

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    Jul 3, 2013
    #5
    I think the cost of Aluminum and it availablity has little to do with Apple's products.:rolleyes:

    If we use millions of aluminum cans each day, many that are tossed away, we need not worry.
     
  6. paulbennett95 macrumors 6502a

    paulbennett95

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    Aug 30, 2012
    Location:
    Long Island, NY
    #6
    Aluminum is one of the most common metals in the Earths crust and we've gotten good at extracting it from ores, so I don't think there's some conspiracy to cut the supply...


    Or blame the Zionist banking corporations for the cheap iPhone! Down with the Rothschilds! :rolleyes:
     
  7. ucfgrad93 macrumors P6

    ucfgrad93

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    Aug 17, 2007
    Location:
    Colorado
    #7
    Agreed. This is much ado about nothing.
     
  8. LethalWolfe macrumors G3

    LethalWolfe

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    Jan 11, 2002
    Location:
    Los Angeles
    #8
    What does one have to do with the other? If the supply to buyers is being constrained then the prices can be raised by the sellers regardless of how much raw material is available. Classic examples being diamonds or oil. For example, OPEC can manipulate fuel prices up or down by how much oil they ship regardless of how much is still in the ground.

    Unless end buyers of aluminum get into the mining and processing business it doesn't how much ore is in the ground. It only matters how much usable material is available in the marketplace.

    I would be surprised though if this had anything to do with Apple presumably using plastic for the rumored economy-class iPhone.
     
  9. elistan macrumors 6502a

    Joined:
    Jun 30, 2007
    Location:
    Denver/Boulder, CO
    #9
    Back in the news:

    U.S. Subpoenas Goldman in Inquiry of Aluminum Warehouses
    By DAVID KOCIENIEWSKI

    http://www.nytimes.com/2013/08/13/b...-aluminum-warehouses.html?partner=rss&emc=rss

    To give an idea of the scale:
    Kinda like Office Space - a few cents from each transaction is hopefully hidden from the end user, but aggregated they total billions. $5 billion across 300 million Americans is "only" $16.66 each, but it's still more than we would have allegedly paid otherwise. Imagine if this was then the case for EVERY commodity.
     

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