Europe’s largest aluminum smelter could implement more production cuts. |
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High electricity costs are forcing the France-based smelter Aluminum Dunkerque to consider deeper production cuts. The company has cut production by a mere 3% in the past two weeks, but a union representative quoted by Reuters stated, “further curtailments may be necessary if power prices remain at sky-high levels.” This representative also said the plant has lost about 20 million euros ($22.6 million) since the beginning of November. According to Reuters, “at one-month baseload prices in France, it would cost about $11,000 for the power typically needed to make one ton of aluminum, which was trading at about $2,800 a ton on the London Metal Exchange on Wednesday.” Aluminum Dunkerque has a production capacity 285,000 mt/yr and is Europe’s largest. Last year France produced 430,000 mt of aluminum. (12/23/2021) |
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Important Headlines & Economic Data |
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AISI Steel Capability Utilization Rate Investing.com Economic Calendar 12/21/2021: German zinc recycler Befesa expands in China 12/21/2021: Global nickel supply could increase by 20% in 2022 – report 12/20/2021: Toyota to cut production by 20,000 cars in Japan next month 12/19/2021: Toyota to halt production at 5 factories in January due to supply chain issues 12/17/2021: Zinc price soars as power crunch forces Nyrstar to idle French plant 12/16/2021: Nyrstar's Auby zinc operation on care and maintenance from Jan |
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