LONDON (Reuters) - Soaring electricity prices in Europe have triggered cuts in the energy-intensive production of aluminium.
Europe's aluminium output capacity is around 4.5 million tonnes. Of that, about 1 million tonnes has been taken offline since 2021 and another 500,000 tonnes is under threat, analysts at Citi say.
Following is a list of smelters that have cut production.
Source: Companies, Macquarie, Citi
COMPANY SMELTER COUNTRY ANNUAL OUTPUT CUTS
CAPACITY ANNOUNCED
(TONNES)
Alcoa (NYSE:AA) San Spain 228,000 Stopped producing
Ciprian in December 2021
Aloft Delfzijl Holland 110,000 Stopped producing
Holdings in October 2021
(ALDEL)
ALRO Slatina Romania 265,000 Cut production by
60% at the start of
2022
Liberty Dunkirk France 285,000 Cut production by
House 15% in January 2022
Norsk Slovalco Slovakia 175,000 Will stop producing
Hydro in September 2022
Talum Talum Slovenia 84,000 Said in August 2022
was operating at
20% capacity
[L8N3003RL]
TRIMET Essen Germany 165,000 Cut production by
50% in March 2022
TRIMET Hamburg Germany 135,000 Cut production by
30% in October 2021
TRIMET Voerde Germany 95,000 Cut production by
30% in October 2021
UNIPROM Podgorica Montenegro 61,000 Stopped producing
in December 2021