It means Alro can secure its own aluminium production in Romania and can develop the production of higher added value products in its Slatina site.

This, along with securing the alumina supply for Slatina via Alum Tulcea, gives Alro a platform to continue production with long term, reliable conditions.

“As a result of negotiations, the two parties agreed on a formula for the electricity price, considering a series of factors, including the aluminium price at the London Metal Exchange.

“As a result, at this point, the current price that Alro is paying for electricity has increased by 25%. Despite the increase, we believe that the current contract offers predictability of costs and contributes to the long term development of our smelting activities in Romania,” said Frank Mueller, CEO of group owner Vimetco.