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16 JANUARY 2022 AL CIRCLE

Aluminium Dunkerque to detain current production anticipating govt. relief on power prices

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

On 14th January 2022, a spokesperson from Europe’s largest aluminium smelter, Aluminium Dunkerque in France stated that the company is not scheduling to regulate further production following the contemporary curbs, as it anticipates for government subsidy on energy prices to enforce.

Aluminium Dunkerque to detain current production

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The smelter has curtailed its aluminium production by 15%, allying several other aluminium facilities in Europe is diminishing production, a counter towards towering energy prices that have dented margins for the energy-intensive aluminium industry.

The spokesperson also added that no fresh curbs were chalked out. Meanwhile, the aluminium smelter right now will not resume the idled production units given that the French Govt. relief is due to be implemented from April 2022.

Aluminium Industry Recap 2021

On 13th January 2022, the government announced a plan to effort state-owned Électricité de France (EDF) to sell nuclear power at a more economic price to competitors to restrict the surge in electricity prices.

According to Nicolas Goldberg, Senior Manager – Energy & Environment at Colombus Consulting, “It also facing the impact of power costs on strategic sites like Aluminium Dunkerque, with the risk of a knock-on effect on industries that use its aluminium like the automotive and aeronautic sectors.”

The association of major energy-consuming industries, UNIDEN has applauded the government’s proposal, as it called for the authorities to design plans for next year in the event electricity prices remains high.

Tagged with:

Aluminium Energy Europe Price

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EDITED BY : RUPANKAR MAJUMDER 2MINS READ

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