South32 Idles Mozambique Aluminum Smelter as Power Costs Bite
AI Summary
South32 has idled its Mozambican aluminum smelter, the second largest in the southern hemisphere, after failing to negotiate affordable electricity supply beyond the current month. The shutdown reflects escalating power costs threatening industrial operations in the region. The move will likely impact aluminum output and regional employment.
South32 Ltd. idled its Mozambican aluminum smelter, the second biggest in the southern hemisphere, after talks failed to secure an affordable power supply beyond this month.
World Markets Commodities Energy South32 Mozambique aluminum smelter power costs energy crisis commodities industrial shutdown