Europe’s Smelters Call for Action to Combat Soaring Energy Costs
- Eurometaux wants rapid roll-out of state aid framework
- About 650,000 tons of aluminum capacity has been curtailed
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A group of Europe’s leading metal producers has called on the continent’s politicians to deploy a package of measures including state aid and tapping national gas reserves to ease the regional power crisis and avert further smelter shutdowns.
Eurometaux, which represents producers including Glencore Plc, Rio Tinto Group and Norsk Hydro ASA, sent a letter to the European Commission warning that more producers could be forced to cut output or shutter plants entirely without additional support to protect smelters from the surge in power costs.