A major fertilizer manufacturer has been forced to shut down two factories in the UK as energy prices continue to soar in Europe. The US-based CF Industries Holdings announced the shutdown of its manufacturing complexes in Billingham and Ince, with no timeline for when production may restart, as European power prices surge to multi-year highs. The step comes amid an extreme squeeze for energy supplies across Europe and the UK that has sent spot prices for natural gas soaring by up to 20% – more than four times the level seen this time last year. The crunch was reportedly triggered by limited flows from the region’s top suppliers, Russi
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