Rising electricity prices and extremely energy-intensive smelting of aluminum in Europe have prevented some European plants from carrying out production, with about 1 million tons of capacity shut down, since the beginning of 2021.
A spokesman for Slovenia's Talum said the company has cut primary aluminum production to about 20% of its smelting capacity, becoming one of the European companies forced to cut production due to high energy costs.
Talum can produce 84,000 tons of primary aluminum a year but has cut production by 50 percent.
The production cuts mean greater shortages and higher prices for European consumers who use aluminum in the transportation, packaging, and construction industries. However, Europe will be in recession this year, demand will be lower, and Chinese smelters have already increased production to offset the losses in Europe.
Slovenia's Talum cuts primary aluminum production due to high energy costs
30 Aug 2022 09:39 reported by Joy Liu
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