NYRSF - Soaring European Power Costs Force Cutbacks In Metals Output

• Nyrstar, the huge Belgium-based zinc producer, is the first major smelter — but it likely won’t be the last — to announce cutbacks.
• Most heavy users, like Nyrstar, operate on variable power cost depending on the time of day. As such, cutbacks are likely at peak times to manage input costs.
• Power prices have been rising all year. The situation, however, has become particularly acute since the summer. Natural gas prices have spiked and coal prices on the spot market have risen strongly.

For further details see: