Copying and distributing are prohibited without permission of the publisher

Brazilian companies halt output of ferro-alloys, silicon on energy price hike

July 21, 2014 - 16:16 GMT Location: São Paulo

KEYWORDS: Brazil , ferro-alloys , silicon metal , aluminium , energy , Abrafe

Soaring energy prices have led some Brazilian ferro-alloys and silicon metal producers to suspend operations, according to the association that represents the sector, Abrafe.

"The unexpected shortage of rainfall directly affects the current record rise in electricity prices, leading to reprogramming in production planning and, in some cases, to the temporary shutdown of the operation of some associates, for furnace maintenance," Abrafe told Metal Bulletin. Hydroelectric generation accounts for 63.3% of Brazil’s energy, according to state electric energy agency Aneel. But the country has been suffering its worst drought in over eight decades, which has driven up energy prices to record levels. The average short-term energy price in the Brazilian spot market was 655.14 Reais ($293.15) per MWh in the week of...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

subscribe to this feed Comment & analysis

Upcoming Events

MB Glossary

From Aluminium to Zinc...
Search this free glossary on metals

Try the new Metal Bulletin BETA site...

We've added some great new features and tools which we think you'll find useful:

  • Easier to use navigation including links to new sections
  • Cleaner interface for the Price Book with easier to use data views
  • More dedicated pages for specific metals e.g chrome, antimony, nickel
  • Better search tools for news and prices with handy filters

Simply click 'Yes please' below to go straight to the BETA site
(Please note: you will need to log into the BETA site on your first visit. Plus you can return to the original site any time you wish)