Europe’s smelters call for action to combat soaring energy costs

There are no details on the quantities or the value of Israel's aluminium imports from Bahrain.

Four operators have announced curtailments totalling over half a million tonnes of annual production capacity, reports Andy Home.

South32 said on Thursday it would spend about $70 million to restart the Alumar smelter.

Both London and Shanghai copper benchmarks have gained more than 20% this year so far.

The latest output cuts come soon after curbs at Europe’s top smelter, highlighting supply risk into next year and beyond.

The aluminium plant will cut its output to around 60% of capacity in response to high electricity costs.

A five-year plan adds some details on Beijing’s drive to reshape heavy industries.

While aluminum prices have rallied more than 40% this year, profitability is being eroded by the far greater surge in power prices.

The Aluminium Dunkerque plant has lost about 20 million euros ($22.6 million) since the beginning of November.