Aluminum Smelters Shutter Operations In Europe As Power Prices Soar

Second-round effects from Europe's astronomical power price increases are coming in hot and heavy. With both French and German 1-year ahead baseload electricity prices hitting levels which mean only a handful of Europeans will be able to afford power in one year (and the rest will soon be short a kidney)...... Europe’s energy crisis has claimed another victim in the power-hungry metals industry, after Norsk Hydro said it planned to shutter an aluminum smelter in Slovakia at the end of next month, Bloomberg reports. With Aluminum one of the…