Around 350 jobs are at risk at Ferroglobe’s eMalahleni smelter as rising electricity costs push the Mpumalanga plant closer to a possible shutdown.
The smelter, which has operated for about a century, warned earlier this year that it could be forced to halt production unless electricity costs were reduced.
Ferroglobe Seeks Long-Term Solution With Eskom And Government
Ferroglobe’s energy-intensive furnaces depend heavily on electricity, making current tariffs difficult to sustain. The company is engaging government, Eskom and other stakeholders in an effort to find a long-term solution.
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No final closure decision has been announced. However, the potential shutdown has renewed concerns about high electricity costs and their impact on South Africa’s manufacturing industry and jobs.
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