A record rise in electricity prices in Europe due to small supplies of natural gas has led to a decrease in the profitability of a number of large industrial enterprises. This could damage the economic recovery of the region. ...
For example, BASF SE, a leading European chemical company, announced that it would not be able to fully cover the impact of record electricity prices despite generating 80% of its energy. Aurubis AG, the continent's largest copper producer, said it has cut margins due to rising energy prices and will continue to increase margins for the rest of the year.
Akif Nasirli