A Slovak smelter will halt manufacturing by the beginning of October attributable to hovering electrical energy costs
The Slovalco aluminum smelter in Slovakia introduced on Wednesday it would shut down major manufacturing by the tip of September.
“The choice to terminate major aluminum manufacturing at Slovalco is available in response to antagonistic framework situations and excessive electrical energy costs, which present no indicators of enchancment within the brief time period,” the plant’s majority proprietor, Norsk Hydro, mentioned in an announcement.
It defined that the Slovalco casthouse in central Slovakia is continuous its recycling operation, serving prospects within the area with 75,000 tons of recycled aluminum yearly.
The plant’s CEO informed media that the Slovalco plant was a key provider for Slovak and different European firms. After stopping manufacturing, Europe might be compelled to import aluminum from nations together with Russia and China, he added.
Slovalco’s shutdown follows an analogous choice this week to stop manufacturing at a zinc smelter within the Netherlands.
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