The chairman and CEO of METLEN, as well as chairman of Eurometaux, Evangelos Mytilineos, sounded the alarm regarding the impact of energy costs on the aluminum industry.
“It would be a great blow for the country to lose one of the few “championship” positions it holds in the European economic landscape, due to the high industrial energy costs in the area, the highest according to Eurostat measurements,” noted Mytilineos in a post on LinkedIn.
“One of the most well-known journalists and authors in the field of global commodity markets, Javier Blas, wrote an article in Bloomberg on the present and future of Aluminum, a metal with a bright present and future.”
In Greece, in our Group, we have the only fully vertically integrated complex in Europe that includes bauxite, alumina and aluminum. Unfortunately, there are not many left in Europe, perhaps 4-5 out of 15 10 years ago, due to high energy costs and none that are vertically integrated.
Directly and indirectly, the entire Aluminum value chain employs over 30,000 workers and is mostly export-oriented.
It would be a great blow for the country to lose one of the few “championship” positions it holds in the European economic development, due to the high industrial energy costs in the area, the highest according to Eurostat measurements.
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