Mytilineos: The most expensive electricity in Europe threatens Greece’s leadership in aluminum

The president and CEO of METLEN, arsenic well arsenic president of Eurometaux, Evangelos Mytilineos, sounded the alarm regarding the interaction of vigor costs connected the aluminum industry.

“It would beryllium a large stroke for the state to suffer 1 of the fewer “championship” positions it holds successful the European economical landscape, owed to the precocious concern vigor costs successful the area, the highest according to Eurostat measurements,” noted Mytilineos successful a station connected LinkedIn.

“One of the astir well-known journalists and authors successful the tract of planetary commodity markets, Javier Blas, wrote an nonfiction successful Bloomberg connected the contiguous and aboriginal of Aluminum, a metallic with a agleam contiguous and future.”

In Greece, successful our Group, we person the lone afloat vertically integrated analyzable successful Europe that includes bauxite, alumina and aluminum. Unfortunately, there are not galore near successful Europe, possibly 4-5 retired of 15 10 years ago, owed to precocious vigor costs and nary that are vertically integrated.

Directly and indirectly, the full Aluminum value concatenation employs implicit 30,000 workers and is mostly export-oriented.

It would beryllium a large stroke for the state to suffer 1 of the fewer “championship” positions it holds successful the European economical development, owed to the precocious concern vigor costs successful the area, the highest according to Eurostat measurements.