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At 'retail' spot prices, Aluminum is around $1,885.29 a metric ton. There are about 0.5714 ounces of aluminum in a typical can of beer. That is, there is arou
by lurquer 7y ago
At 'retail' spot prices, Aluminum is around $1,885.29 a metric ton.
There are about 0.5714 ounces of aluminum in a typical can of beer.
That is, there is around $0.03 of Aluminum in each can. (Actually, it is a lot less as, obviously, canning companies buy Aluminum in bulk.)
Average can of beer is $1.15.
Thus, Aluminum makes up -- at most -- 2% of the price.
Assuming the "10% tariff" is completely passed on to the consumer, the increase in price would be -- wait for it -- less than a penny.
In short, the article is complete BS.