Whilst all metals are affected by high energy prices there are only a few which will go into the stratosphere and those are the ones where the power requirement is the major cost of production. Aluminium is a perfect example and the price is hitting a 13 year high as it takes about 17,000kWh to produce one tonne of aluminum. Press Metal in Sarawak is one of the most obvious beneficiaries of having cheap power. The Al smelters in the Middle East will be doing well also. China will be having massive problems with 2 million tonnes already shut down. Aluminium production in Europe is badly affected by surging power prices too.
Ferrosilicon is in the same boat being one of the most energy intensive alloys.
There has been talk in Europe about the French Government nationalising Ferroglobe. Just talk at present but it does tell you the seriousness of the situation, as Ferroglobe closes furnaces lots of employees are sacked causing even more problems. Ferroglobe has already closed some furnaces in Spain.
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