Nyrstar cuts zinc output in the Netherlands due to energy crisis
24/09/2021 17:10
LONDON, Sept 24 (Reuters) - Belgium-based Nyrstar NYR.BR
has cut zinc production at its smelter in the Netherlands
because of the rise in electricity prices in Europe, the company
said in a statement.
"Nyrstar's fully electrified zinc smelter in Budel-Dorplein,
the Netherlands, is curtailing production during peak times of
day when power prices exceed the break-even cost of production,"
a spokesman said in a emailed statement.
"This is in response to the surge in regional power prices
over the past year."
The spokesman would not say what Budel-Dorplein's zinc
production capacity was or how much production had been lost.
Market sources say Budel has capacity to produce around
300,000 tonne of zinc a year. Zinc is used to galvanise steel.
Record high natural gas prices are pushing some
energy-intensive companies to curtail production in a trend that
is adding to disruptions to global supply chains. urn:newsml:reuters.com:*:nL8N2QO2GP
(Reporting by Pratima Desai; editing by xxxx)
((pratima.desai@thomsonreuters.com; +44 207 513 5681;))