Aletho News

ΑΛΗΘΩΣ

Energy crisis forces EU aluminum plant to shut down

Samizdat | August 18, 2022

The Slovalco aluminum smelter in Slovakia announced on Wednesday it will shut down primary production by the end of September.

“The decision to terminate primary aluminum production at Slovalco comes in response to adverse framework conditions and high electricity prices, which show no signs of improvement in the short term,” the plant’s majority owner, Norsk Hydro, said in a statement.

It explained that the Slovalco casthouse in central Slovakia is continuing its recycling operation, serving customers in the region with 75,000 tons of recycled aluminum annually.

The plant’s CEO told media that the Slovalco plant was a key supplier for Slovak and other European companies. After stopping production, Europe will be forced to import aluminum from countries including Russia and China, he added.

Slovalco’s shutdown follows a similar decision this week to cease production at a zinc smelter in the Netherlands.

August 18, 2022 - Posted by | Economics |

1 Comment »

  1. I blame NATO, for it’s stupid decision, to advance East, towards Russia,(so they can install Nukes almost all the way to Moscow).
    The USA may be well advised to “Pull the Military Industrial Complex” into line, and lower tensions, but, I fear, the MIC, calls the tune in Washington, and nobody(particularly that little geriatric in the White House)can stop it.

    Like

    Comment by brianharryaustralia | August 18, 2022 | Reply


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.