Advertisement
UK markets closed
  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     
  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     
  • CRUDE OIL

    82.92
    +1.02 (+1.25%)
     
  • GOLD FUTURES

    2,339.40
    -7.00 (-0.30%)
     
  • DOW

    38,479.31
    +239.33 (+0.63%)
     
  • Bitcoin GBP

    53,629.72
    +252.37 (+0.47%)
     
  • CMC Crypto 200

    1,433.97
    +19.21 (+1.36%)
     
  • NASDAQ Composite

    15,685.06
    +233.75 (+1.51%)
     
  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     

Factbox-Europe's aluminium smelters cut output as power crunch intensifies

FILE PHOTO: Aluminium material from the Magnitude 7 Metals LLC aluminium smelter in New Madrid, Missouri

LONDON (Reuters) - Soaring electricity prices in Europe have triggered cuts in the energy-intensive production of aluminium.

Europe's aluminium output capacity is around 4.5 million tonnes. Of that, about 1 million tonnes has been taken offline since 2021 and another 500,000 tonnes is under threat, analysts at Citi say.

Following is a list of smelters that have cut production.

Source: Companies, Macquarie, Citi

COMPANY SMELTER COUNTRY ANNUAL OUTPUT CUTS

CAPACITY ANNOUNCED

(TONNES)

Alcoa San Spain 228,000 Stopped producing

Ciprian in December 2021

Aloft Delfzijl Holland 110,000 Stopped producing

Holdings in October 2021

ADVERTISEMENT

(ALDEL)

ALRO Slatina Romania 265,000 Cut production by

60% at the start of

2022

Liberty Dunkirk France 285,000 Cut production by

House 15% in January 2022

Norsk Slovalco Slovakia 175,000 Will stop producing

Hydro in September 2022

Talum Talum Slovenia 84,000 Said in August 2022

was operating at

20% capacity

[L8N3003RL]

TRIMET Essen Germany 165,000 Cut production by

50% in March 2022

TRIMET Hamburg Germany 135,000 Cut production by

30% in October 2021

TRIMET Voerde Germany 95,000 Cut production by

30% in October 2021

UNIPROM Podgorica Montenegro 61,000 Stopped producing

in December 2021

(Reporting by Peter Hobson; editing by Jason Neely)