This story originally appeared on ValueWalk
The European energy crisis is throwing a spanner in the economic recovery of the region, given the escalation of natural gas prices and the lack of reserves. Amid the situation, U.S.-based fertilizer company CF Industries Holdings Inc. announced it would stop production at its UK facilities.European Energy Crisis
U.S. fertilizer producer CF Industries has been forced to halt production at two UK factories due to the high price of natural gas.Some analysts point out that other companies might follow similar steps to avoid producing at a loss, as the inflation in raw materials increases the risk of a derailment of the economic recovery.
