Another European aluminum smelter is set to lower production due to high electricity costs. |
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Alro, which is Romania’s only primary aluminum smelter, is set reduce primary aluminum by 60% in 2022. In a December 27 press release, the company stated it will resume full production “when energy market conditions return to normal.” It is one of the largest producers in Europe, and the largest in the Eastern and Central Europe. According to the company’s website, primary aluminum production capacity is 265,000 mt per year. (12/29/2021) |
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AEGIS Insights |
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12/22/2021: AEGIS Factor Matrices: Most important variables affecting metals prices 12/13/2021: Section 232 Tariffs: Most relevant developments (AEGIS Reference) 11/30/2021: Will the Omicron COVID Variant Impact South African Metals Production or Exports? |
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Important Headlines & Economic Data |
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AISI Steel Capability Utilization Rate Investing.com Economic Calendar 12/28/2021: Romania’s Alro to cut primary aluminum production due to high energy prices 12/27/2021: China's 2021 primary aluminum output seen below early estimates: Antaike 12/26/2021: World economy now set to surpass $100 trillion in 2022 |
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