Stolberg lead plant remains shut while awaiting sale approvals

Nyrstar NV

30/09/2022 10:34

LONDON, Sept 30 (Reuters) - Germany's Stolberg lead
plant has not reopened because its sale to Trafigura has not
been completed, the commodities group's Nyrstar  NYR.BR  metals
business said on Friday.
    The plant, located in the west of Germany, was sold to
Trafigura in July and was due to reopen after the sale was
finalised.  urn:newsml:reuters.com:*:nL1N2YN0TX  L8N2ZN6D4 
    "We currently do not have an update on when we expect to
receive the relevant regulatory approvals," Nyrstar told
Reuters.
    "We plan to restart the facility after all closing
conditions and receipt of regulatory approvals to transfer the
assets have been obtained and when the plant is technically
ready."
    The plant, also known as Berzelius Stolberg, was among
several German industrial businesses damaged by massive flooding
in the west and south of the country in summer 2021 and declared
force majeure on its contracts.  urn:newsml:reuters.com:*:nL1N2OX0RV  urn:newsml:reuters.com:*:nL1N2UJ0BG 
    The Stolberg smelter largely supplies European battery
producers with lead. 
    Stolberg produces 155,000 tonnes of lead and more than 100
different specifications of lead alloys as well as 130,000
tonnes of sulphuric acid.
 (Reporting by Eric Onstad
Editing by David Goodman)
 ((eric.onstad@thomsonreuters.com; +44 20 7542 7093; Twitter https://twitter.com/reutersEricO;
 Reuters Messaging: eric.onstad.thomsonreuters.com@reuters.net))