American Industrial Partners (AIP), an American private equity firm, said that its Dunkirk aluminum smelter in northern France will cut output by 15% due to surging electricity prices as higher energy prices have eroded the smelter’s profits.
The Dunkirk aluminum smelter, with an annual capacity of around 285,000 tons, has already reduced production by 10%, and it will further cut production by 5% next week.
The company officials declined to comment on the possibilities of further output cuts. However, union officials said the production cut may reach 25% if the electricity prices are still at the current level.
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