The German daily die Welt reports that Trimet, Germany's largest aluminium producer, is halving its production.
The production of aluminium costs an extremely large amount of energy. Because it is so expensive, manufacturers are now facing difficulties. Germany's largest producer even sees the entire location in danger if the trend continues.
High energy prices are threatening the aluminium industry in Germany. The electricity-intensive production of the light metal is now so expensive that smelters are significantly reducing their capacities. Germany's largest producer, Trimet, already started doing this last autumn in three of its five domestic plants. But that was only the beginning.
"Due to the further increase in energy prices as a result of the war in Ukraine, the situation has dramatically worsened. This is forcing us to make further adjustments," CEO Philipp Schlüter tells WELT AM SONNTAG and announces: "We will cut production at the aluminium smelter at the Essen site to around 50 percent of production capacity in the coming weeks."
Source: DIE WELT / Carsten Dierig