Sent November 4, 2022, 8:05 pm
China will not always be confined, nor will the mild climate. While the International Energy Agency calls on Europe to mobilize, Oxford Economics looks to industries threatened by the gas boom. Non-ferrous metals use four times more electricity and gas per unit of gross value added than the average, compared to twice as much for refining, iron, steel and non-metallic mineral products. Paper and wood are particularly dependent on electrons.
But in the event of rationing, the large consumer sectors would be at the forefront. They are not to be confused with the more intense ones, as the German gas situation shows. In many countries, the chemical industries they would be vulnerable, such as non-metallic mineral products, metals, the food sector and refining.
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