Ohio, United States. Charles Hall, spurred by competition, founds The Pittsburgh Reduction Company in Pittsburgh, which will become the Aluminum Company of America (Alcoa), one of the most profitable corporations in history. Aluminum production will increase from 22 kg/day in 1888 to 40 tons/day in 1908, and the price will plummet from $550/pound to $18 on the Chicago Stock Exchange, to $0.25/pound. Hall will become incredibly rich, and aluminum will become a terribly common metal, so much so that it becomes disposable… A few years earlier, Hall, at just 23 years old, while studying at Oberlin College, had isolated aluminum by passing an electric current.
