“This is a tremendous blow. Our standard of living in Iceland is built on producing value and exporting it to foreign markets in the form of goods and services. Norðurál is simply one of the country’s largest export companies, so when a major part of its production shuts down for several months, it will inevitably have a significant negative effect on the national economy.”Will have major negative impact on the national economy
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October 24, 2025
“This is a tremendous blow. Our standard of living in Iceland is built on producing value and exporting it to foreign markets in the form of goods and services. Norðurál is simply one of the country’s largest export companies, so when a major part of its production shuts down for several months, it will inevitably have a significant negative effect on the national economy.”
