Producers are reluctant to invest in the new metals capacity needed to achieve Europe’s self-sufficiency goals because they can’t model power prices over the timeframe to build a new mine or smelter. — Reuters
EUROPEAN Union (EU) energy ministers last month struck a deal to reform the bloc’s power market.
The proposed changes to the EU’s “electricity market design” are a response to the spike in European power prices following Russia’s invasion of Ukraine in February 2022.
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