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That said, Iceland does in effect export a ton of power by importing bauxite and turning it into aluminum.


Indeed, in 2011, 71% [1] of the electricity production of Iceland was used by the aluminum industry!

[1] https://en.wikipedia.org/wiki/Electricity_sector_in_Iceland#...


True, although I think that's hydropower? At least that's what I remember from when I studied there ~15 years ago.




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