Alcoa to curb output at Spain aluminium plant


High maintainance: Alcoa employees load aluminum billets onto a truck in a production plant in South Carolina. A surge in energy prices have forced the company to half production at its plant in Spain. — Bloomberg

LONDON: Alcoa Corp is set to halt primary aluminium production at its plant in Spain for two years, the latest casualty of soaring energy prices in Europe.

The curbs at Europe’s second-largest aluminium plant come after energy costs spiked to fresh records last week, putting heavy industries under increasing financial strain. Aluminium Dunkerque Industries France, the region’s top smelter of the metal, trimmed output earlier this month.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Alcoa , curb , output , Spain , aliminium , energy , prices ,

   

Next In Business News

Trading ideas: Top Glove, LKL International, Kawan Renergy, Edelteq, Catcha Digital, MAHB
Metal markets rush to adjust to clampdown
Apple’s US$1bil outlay may be a fleeting win
MKHOP’s plantation land deals in the pipeline
Google offers to loosen search agreements
Tether sees US$10bil in net profits for 2024
Qualcomm wins key chips trial against Arm
Higher gold prices expected to boost Malaysia’s exports
Painting a brighter future
China property flare-ups resurface as crisis enters its fifth year

Others Also Read