The aluminum industry prepares contingency plans | News

Faced with uncertain gas supplies, some 240 companies in the energy-intensive aluminum industry in Germany, with a total of more than 60,000 employees, are preparing for this extreme case. According to the president of the Aluminum Germany Association, Hinrich Mhlmann, they created contingency plans and explained which gas consumers would have to be shut down first and then later.

This is possible to a limited extent, after which companies would have to close. Then the contingency plan is to manage liquidity so that companies will survive for at least a certain period of time. But this period is also limited. The availability of gas is of great importance for the industry and its production processes, emphasized Mhlmann. The products are heat treated several times. This includes melting during recycling or heating during processing.

Gas cannot be replaced easily and quickly. A member survey by Aluminum Germany shows that nine out of ten companies cannot switch to another energy source if gas is no longer available in the short term. Even if gas supplies are reduced by up to 30 percent. production would stop in half of the companies.

Register now and purchase an Aurubis share

More: https://www.etoro.com/ CFDs are complex instruments and come with a high risk of losing money rapidly through leverage. 67% of retail investor accounts lose money when trading CFDs from this provider. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.

The Federal Network Agency conducted a survey among the main consumers of gas networks and drew its own conclusions. In connection with the discussion on the importance and priorities of the system, Mhlmann pointed out: If a manufacturer of aluminum packaging for the pharmaceutical industry, which is undoubtedly of systemic importance, does not receive its initial products, the so-called snails, it doesn’t help him either. An electric car maker also can’t sell a car without an aluminum battery box.

Aurubis’ share is stabilizing

There is no aluminum group in the DAX indexes, but Aurubis, one of the world’s leading copper groups, is listed on the MDAX. It is also the largest copper recycling facility in the world. This share only reached a record high in April, but has since dropped significantly by around 50 percent. Shares are currently stabilizing somewhat and the MACD (Momentum) is also recovering from a heavily oversold level. Another resistance is around 73 euros.

Aurubis’ success can be seen with purchase of shares participate. Brave investors can get leverage with Buy CFDs get involved.

It’s that simple to buy stocks on eToro.

The eToro platform offers traders from all over the world the unique opportunity to add shares to their portfolio. From the beginning of 2018, each BUY non-leveraged order causes eToro to buy the underlying asset; it will then be held on behalf of the client. This also applies to cases where you invest in CopyPortfolio or copy an investor: if the copied investor buys shares, you automatically own a portion of his share portfolio.

Trade stocks with eToro, here are the advantages:

  • trust Your shares will be held in your name in an EU regulated company.
  • insurance Your deposit and related assets are insured under CySEC’s Terms of Use.
  • dividends If the company pays dividends, investors will be allocated an appropriate dividend.
  • No care fees Buying stocks on eToro means you no Pay storage and ordering fees as well as commissions. There is a bid-ask spread when buying and selling stocks.
  • Easy-to-use Your warehouse is always available online and via the app.
  • diversification Create a portfolio of stocks, cryptocurrencies, commodities, and more.

Register now and buy shares

About eToro:

For over a decade, eToro has been at the forefront of the global fintech revolution. It is the world’s leading social trading network, with millions of registered users and a host of innovative trading and investing tools. Since the beginning of 2018, eToro allows you to buy and sell stocks.

More: https://www.etoro.com/ CFDs are complex instruments and come with a high risk of losing money rapidly through leverage. 67% of retail investor accounts lose money when trading CFDs from this provider. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.

advertisement

Leave a Comment