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GISMETEO.RU
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ZALK smelter resumption impossible for now, says company director
Journal Staff Report

KIEV, Nov. 4 – The resumption of stable operations at Zaporizhia Aluminum Combine (ZALK), the country's only aluminum smelter, is impossible in the present conditions without settling the issue of the differentiated tariff for electricity for the company, and also depends on the situation on the international aluminum market, its director general, Oleksandr Kotiuk, told Interfax-Ukraine.

He said that the absence of a decision to give a differentiated tariff for electricity to the company, which has been discussed for three years, and the present situation with the price of aluminum, which has fallen to $2,000 per ton, has led to the unprofitably of production at ZALK. The combine, which has been deprived of circulating funds, cannot pay for electricity used in its production process.




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