Germany's third largest aluminium producer has filed for bankruptcy as trade groups call for affordable power supply equivalent to the nuclear capacity taken off the grid as a response to the Fukushima accident.
Voerde Aluminium announced its insolvency on 8 May due to lowering prices for aluminium combined with rising production costs. This was "an indicator of the gradual process of de-industrialization," said Ulrich Grillo, president of Germany's trade body for the metal industry, WirtschaftsVereinigung Metalle (WVM).
"Production of metals, particularly aluminum, is at risk in Germany due to high electricity prices that are no longer internationally competitive," said Grillo.
http://www.world-nuclear-news.org/NP_Power_shift_begins_to_move_German_industry_1805122.html?goback=%2Egde_46854_member_117660017