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Europe’s Power Crunch Cuts Zinc and Aluminum Capacity in Half

  • Industry group warns of irreparable damage if prices go higher
  • Imports are raising Europe’s carbon footprint: Eurometaux
Molten aluminum in a molding unit at an aluminum processing plant.

Molten aluminum in a molding unit at an aluminum processing plant.

Photographer: Akos Stiller/Bloomberg

Europe has lost about half of its zinc and aluminum smelting capacity within the past year, and a further surge in power prices could knock more plants offline over winter, the region’s biggest metal producers warned.

Eurometaux, which represents miners, smelters and fabricators employing 500,000 people in Europe, is underscoring the risks that lie ahead for the industry as the European Union urges member states to cut gas usage to avert a drastic escalation of the region’s energy crunch over the winter months.