Glencore eyes furlough of Portovesme workers amid high electricity prices

October 27, 2021 / www.metalbulletin.com / Article Link

Glencore's Portovesme zinc and lead producing site in Italy is considering government-backed social protection programs among many recourses to deal with the high price of electricity, Fastmarkets has heard.

As of mid-October, the company has been "monitoring the situation across its European zinc smelters, and adjusting production to reduce exposure to peak price periods during the day, while evaluating options to deal with the impact of the power crisis in Europe more broadly," a spokesperson for the company said.

Amid those options, Glencore has engaged with the local Italian government to...

Recent News

Global trade tensions ease and inflation continues to decline

May 19, 2025 / www.canadianminingreport.com

Gold stocks down as metal slumps and equities rise

May 19, 2025 / www.canadianminingreport.com

Big Gold has another strong quarter, but some signs growth cooling

May 12, 2025 / www.canadianminingreport.com

Gold stocks nearly regain highs on rising metal price

May 12, 2025 / www.canadianminingreport.com

Gold stocks down as risk on move continues

May 05, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok