The European metals industry has warned that the energy crisis poses an “existential threat” to its future as executives fear many smelters face permanent shutdown without emergency action from the EU.
In a letter to EU leaders, Eurometaux, the nonferrous metals trade body, said the industry’s problems, which have led to “unprecedented” cuts to smelter production in the past year, will deepen unless the EU intervenes.
An aluminium smelter in Slovakia and a zinc plant in the Netherlands have halted production indefinitely with the threat of more closures to follow, some likely permanent, according to the trade body.
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