Europe’s energy crisis risks slashing aluminum production further
Aluminum is one of the most energy-intensive metals to make, and the surge in power prices already knocked about 900,000 tons of smelting capacity offline in Europe and North America.
Two-thirds of the group reported that mineral exploration and mining industries provide the raw materials required to transition to low carbon technologies.
The agreement increases contracted capacity from 3 million tonnes per annum (Mtpa) to 6 Mtpa with an option for Teck to extend up to 9 Mtpa from Neptune Terminals.