Make Kitco Your Homepage

Glencore to take steps towards restart of Nordenham zinc smelter -sources

Kitco News

LONDON, Nov 13 (Reuters) - Commodity trader and miner Glencore will take steps next year towards a potential restart of its Nordenham zinc smelter, which has been on care and maintenance for more than a year, said two sources close to the matter.

Surging power prices after Russia invaded Ukraine last year have forced shutdowns and suspension of many smelters, mostly energy-intensive zinc and aluminium.

(Reporting by Julian Luk and Pratima Desai Editing by David Goodman )

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.