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Businessweek
Economics

The US Industrial Complex Is Starting to Buckle From High Power Costs

Surging bills are forcing companies to scale back industrial operations, threatening a greater drag on the economy.

A worker clears slag off the top of molten aluminum at a Century Aluminum Co. facility in Hawesville, Ky.

A worker clears slag off the top of molten aluminum at a Century Aluminum Co. facility in Hawesville, Ky.

Photographer: Bryan Woolston/Reuters

It was only a matter of time, really.

Europe’s fertilizer plants, steel mills, and chemical manufacturers were the first to succumb. Massive paper mills, soybean processors, and electronics factories in Asia went dark.