06 AUGUST 2013http://spectator.sme.sk
Aluminium smelter dodging threat to production
Edited by : AL CIRCLE
1 min read
The profitability of aluminium smelter Slovalco is highly dependent on its energy-related costs, and so as its 20-year discounted energy price contract is set to terminate in late 2013, the company is warning a rise to market energy rates will make the firm uncompetitive on the international market. But threats to the business are abating, for now, as a preliminary agreement with Slovakia’s biggest power producer and negotiations to reduce electricity transmission charges clear the way for future operations.
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