Ferroglobe halt two furnaces in Spain due to high power prices (updated)

Nyrstar NV

28/09/2021 14:00

(Adds detail, context)
    LONDON, Sept 28 (Reuters) - Ferro-alloys producer Ferroglobe
 GSM.O  said on Tuesday it had temporarily shut down two
furnaces at its operations in Spain due to high power prices.
    "In recent weeks, we temporarily shut down one furnace at
the Sabon (Spain) facility and a furnace at our Boo (Spain)
facility to best manage through the energy crisis in Spain," a
spokeswoman said.
    Ferroglobe scaled back production during peak pricing
periods and has moved some orders to its operations in
neighbouring countries where energy costs were lower, the
spokeswoman said in an email. 
    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.  urn:newsml:reuters.com:*:nL8N2QM1BY  
 
     Belgium-based Nyrstar  NYR.BR  cut zinc production at its
Budel-Dorplein smelter in the Netherlands as industry
association Eurometaux warned that rising prices could see metal
producers moving operations away from the region.
 urn:newsml:reuters.com:*:nL1N2QQ1S6 urn:newsml:reuters.com:*:nL1N2QT0P0
    Ferroglobe is the largest western producer of silicon metal
and its alloys and manganese alloys. 

 (Reporting by Zandi Shabalala; editing by Jason Neely and
Louise Heavens)
 ((zandi.shabalala@tr.com;))