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High power prices shutter European plants

High electricity prices are being blamed for the decision to shutter smelters throughout Europe.

Jax Jacobsen
Norsk Hydro will shutter its Slovakian plant.

Norsk Hydro will shutter its Slovakian plant.

Prices have increased substantially, both from Russia's invasion of Ukraine and its impact on gas deliveries to Europe as well as to extreme heat in the summer months. In 2021, Russian gas powered 40%...

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