The Slovalco aluminium plant in Žiar nad Hronom will definitely stop its production of primary aluminium. The decision is a reaction to high electricity prices and insufficient compensation from the state. The plant is a key supplier not only for Slovak but also for European companies. The Ministry of Economy sees this decision as a disaster for the entire Slovak industry, but one that will also have a noticeable impact on other European companies. Slovalco has been one of the largest employers in the Banska Bystrica region. Due to high electricity prices for 2023, aluminium production would be economically unsustainable next year. "I regret that despite the fact that we knew about this situation, we couldn't find an agreement with the Finance Ministry to implement targeted assistance for such an energy-intensive company," said Economy Minister Richard Sulik.
Source: TASR
