European Aluminium has asked for a strong European Union policy to boost European aluminium companies’ competitiveness. At the EA’s annual general meeting on Oct. 27, Chair Ingrid Jorg advocated for the restrictions, claiming that China’s unfair trade practices and a lack of inexpensive, green energy were harming European companies’ competitiveness.
The general assembly is an important industry event where executives and experts gather to reflect on the sector’s evolution and the key difficulties facing the basic metal utilised in Europe’s green transition.
To inspire business confidence, attract investments, and remain competitive internationally, EU sectors demand a global level playing field and predictable, consistent law.
Policies on rade, climate, energy, and raw resources must be well-aligned. In the EU’s transition to a sustainability-focused and climate-neutral economy, European industries must be supported with legislation, financing, and compensating mechanisms.
To address the lack of access to renewable energy, long-term corporate power purchase agreements should be promoted to enable access to competitive carbon-free electricity at more predictable prices than spot markets, and industrial demand-response should be adequately rewarded for its grid-stabilizing benefits. The EU required stronger trade defense instruments to combat unfair trade practices resulting from large government subsidies and aggressive sectoral industrial plans in third-world nations like China.
In 2021, the EA gained six new members, increasing the overall number of members to 95. The EA represents about 85 % of European aluminium output, with 600 factories spread across 30 European nations.
Aluminium Bozen, Aluminij Industries, Arconic Corporation, Corialis, Speira, and Yeşilova Holding are the new members.