1.6 billion in lost earnings over electricity shortage
Reykjavík, Iceland, February 4 2022: The energy shortage means Alcoa Fjarðaál needs to cut production at its Reyðarfjörður smelter by one percent, or around 4,000 tonnes. The world aluminium price is currently high and the company expects to lose out on 1.6 billion krónur. The production cut has no direct effect on the company’s customers, however.
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