What is the impact of global high temperature on aluminum price?

 

Internationally, at present, multiple factors have led to tight power supply in Europe. The power structure in Europe is mainly composed of natural gas, nuclear energy and renewable energy. Natural gas is affected by geopolitical situation, and its supply continues to decline and its price rises, which puts great pressure on the energy cost in Europe.

However, the recent high temperature weather has led to the increase of water evaporation in European rivers (lakes), the decrease of water level and the serious impact on hydroelectric power generation. At the same time, high temperature will also affect the cooling reactor water for nuclear power plants. The impact of high temperature on the electricity structure in Europe is comprehensive, which also leads to a record high in electricity prices in Europe. Smelting enterprises with high energy consumption will continue to face the threat of shutdown.