Nyrstar's zinc smelter in Budel will be placed in care and maintenance from the second half of January 2024 until further notice, said the company in a news release from Monday.
The company blamed high energy costs and deteriorating market conditions.
"In contrast to similar activities in other European Member States, Nyrstar Budel is suffering from the significant adverse consequences of the discontinuation - in the Netherlands - of support measures introduced by the European Commission to keep the European industry competitive. This has increased pressure on operating margins of Nyrstar's Budel activities. As a result, continued production at the Nyrstar Budel site is currently not economically justified."
The smelter employs 429 workers.
