Metals Giants Warn Power Crisis Could Derail Europe’s Green Push
- Eurometaux says energy costs may force producers to relocate
- Glencore, Rio Tinto and Norsk Hydro are among group’s members
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A group representing some of the world’s top metals producers warned European politicians that the energy crisis threatens to derail the region’s green push and force producers to relocate.
Eurometaux, whose members include Glencore Plc, Rio Tinto Group and Norsk Hydro ASA, sent a letter to the European Commission as surging power prices prompt companies to curb production. It urged further support for the sector, including ensuring emission-allowance prices don’t rise too high and more flexible state aid guidelines.