Europe Aluminum Cuts Get Deeper by the Day as Power Crisis Bites
- Speira to curtail production immediately at plant in Neuss
- Europe metal industry warns of ‘permanent deindustrialization’
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European aluminum is buckling under the pressure of surging energy costs, with two more producers announcing cuts in the past day as the local metals industry reiterated it’s facing an “existential threat.”
Speira GmbH will cut production at its smelter in Germany by 50% until further notice, while Europe’s largest aluminum smelter, Aluminium Dunkerque Industries France, said on Tuesday it will reduce production by 22% by the end of the month.