European aluminium smelters at risk
Today, the total EU primary aluminium industry is comprised of 12 remaining smelters across 8 countries, representing a 3% global market share. One smelter was idled in 2021.
Including other European countries, the European primary aluminium industry comprises 23 smelters, with 10 smelters in Norway and Iceland and one smelter in the United Kingdom.
The ongoing energy crisis exacerbated by the war in Ukraine is a real threat to Europe’s remaining industry. The surge in energy prices is hitting European aluminium producers particularly hard, compared to both their global competitors in the aluminium sector and other raw materials sectors in Europe. The EU’s unique electricity market design and high costs compared to energy prices in many non-EU countries, put European aluminium producers at a significant financial disadvantage.