Alcoa Corp will suspend aluminium production at its Spanish plant (the second largest aluminium plant in Europe) for two years in response to the recent soaring energy prices in Europe. Aluminium Dunkerque Industries France, the largest aluminium smelter in Europe, announced a production cut earlier in December as energy costs hit a record high in the previous week and aggravated the financial pressure on heavy industries.
As our colleague Fouad Egbaria noted this week, rising power costs in Europe, almost wholly down to the cost of natural gas, resulted in reduced output at