Nyrstar cuts zinc output in the Netherlands due to energy crisis
LONDON, Sept 24 (Reuters) - Belgium-based Nyrstar has cut zinc production at its smelter in the Netherlands because of the rise in electricity prices in Europe, the company said in a statement. "Nyrstar's fully electrified zinc smelter in Budel-Dorplein, the Netherlands, is curtailing production during peak times of day when power prices exceed the break-even cost of production," a spokesman said in a emailed statement.
"This is in response to the surge in regional power prices over the past year." The spokesman would not say what Budel-Dorplein's zinc production capacity was or how much production had been lost. Market sources say Budel has capacity to produce around 300,000 tonne of zinc a year.
Zinc is used to galvanise steel. Record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains.
(Reporting by Pratima Desai; editing by xxxx)