Europe's Energy Emergency - How to Avoid Energy Price Spikes

Europe is on the cusp of one of the worst energy crises seen in many decades. With the acute energy shortage being driven by the Russia and Ukraine war and prolonged disruptions of gas supplies from the Nord Stream 1 Pipeline, Europe is facing immense pressure from increasing gas prices, production cuts, production slowdowns, and more. With an almost 750% increase in costs, Germany is planning to shift away from natural gas to coal for their electricity production amid concerns regarding shortages. Predicted rising fuel costs for the upcoming winter pose significant risks to zinc and aluminum smelting capacity, with many smelters being permanently shut down in Europe. Multiple industries such as automotive, aerospace, electronics, industrial, manufacturing, life sciences, and more are being impacted by this dire energy emergency.