European power climbed to a fresh record as France faces a winter supply crunch, with heavy industries forced to curb production across the region. Electricity for delivery next year jumped to an all-time-high in both Germany and France, two of the biggest economies in the European Union. France, facing outages at nuclear plants, will need to suck up supplies instead of exporting power to neighboring countries. The situation is so severe that it is forcing factories to cut output or shut down altogether. Aluminium Dunkerque Industries France has curbed production in the past two weeks due to high power prices, while Trafigura Group’s Nyrstar will pause its zinc smelter in France in the first week of January. Romanian fertilizer producer Azomures SA temporarily halted output. Electricite de France SA said last week it will halt four reactors accounting for 10% of the nation’s nuclear capacity, straining power grids already […]