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Slovalco to shut down primary aluminium production by end of September
August 17th, 2022
The Slovalco aluminium plant in Ziar nad Hronom in Banska Bystrica region will definitely halt its production of primary aluminium by the end of September due to high electricity prices and insufficient compensation from the state, company representative Peter Otapka said on Wednesday. The shutdown of the furnaces will affect 300 employees. Slovalco explained that due to high electricity prices for 2023, aluminium production would be economically unsustainable next year. Further problems have been caused by insufficient state compensation for energy-intensive industry, high prices of emission permits and low aluminium prices.
TASR