“We have a lot of leverage… the United States need scrap from Europe… China is buying a lot of aluminum scrap in Europe”
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Said on The Economics Show
Arnue Tan, BNEF European Power Team · Switched On · Europe's Power Markets Face a New Balancing Act
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Reported that net load (fossil generation needed) will be down 28% in Northwest Europe and 16% in Southern Europe year-on-year
28% drop NW Europe, 16% drop Southern Europe
“We have a lot of leverage… the United States need scrap from Europe… China is buying a lot of aluminum scrap in Europe”
“There was certainly no other leather floors being laid anywhere, even in Europe, well, nowhere, certainly nowhere in Europe.”
“Europe has actually been similarly strong… forecasting 22% earnings growth year on year… clean of the energy stocks, we're still looking at 15% earnings growth”
“Number one thing I would do is take your best retail person in Europe and move them to America.”
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