Question-and-Answer Session
Operator
(Operator Instructions). Our first question comes from the line of Kuni Chen with Bank of America Securities. Please go ahead.
Kuni Chen - Bank of America Securities
Hi good afternoon everybody.
Logan Kruger
Hi, Kuni.
Kuni Chen - Bank of America Securities
A couple of questions here. I guess just first of all on the cost side, obviously probably cost reductions are not sustainable and capital spending and maintenance and what not need to ramp up over back to normal levels overtime. But can you talk about sort of what cost improvements you have been able to get that you think are sustainable? Others in the industry are changing spec from on carbon anodes and things like that. Are those the type of projects that you have been looking into?
Logan Kruger
I think Kuni thanks, its Logan for the question I'll ask Wayne to dig into some more detail for you. But as we've said. We believe that the position of our cost performance is sustainable from the next 12 to 18 months. Obviously, after that you have to review your position. Wayne you want to add color to this.
Wayne Hale
No, no. I'd just used an example that or say Hawesville or say the cost reductions that has been made there maintenance and supplies in some cases may not be sustainable only make the 14% of the overall cost reductions. So the rest of those are in line with material cost reductions and the hard work that the guys are doing at the plant.
Logan Kruger
And certainly we've always looked at the specification of the supplies your using an example on carbon, that's an area that we continue to work on. Obviously we have to be somewhat careful about the end-product that we deliver to our key customers.
Wayne Hale
Just on a point and overall, we've reduced their costs as well and their cost profile of reduction they have made some changes and reductions in the maintenance area but not significant there have been, major reductions in carbon and indirect cost and of course labors as well.
Kuni Chen - Bank of America Securities
Okay. And then on Helguvik, there is some language in the release that says that you may contemplate and restart a major construction work there. Can you just give us maybe some sense as to what sort of financial structures you're looking at to get back all in again and perhaps some deals on how the other sub structure may look down the road?
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