08 Sep 2022 --- European metal industry associations are warning that the current energy crisis poses an “existential threat” to their future. They urge EU leaders to take immediate emergency action or accept “permanent deindustrialization.” Metal production is highly energy-intensive, and Russia’s decision to slash gas exports to Europe in the wake of the Ukraine war has sent prices soaring. In a letter to the European Commission (EC) yesterday, nearly 50 organizations say their industry will face a “life-or-death” moment this winter. The letter claims that half of the EU’s aluminum and zinc capacity has already been forced offline due to the power crisis.
