Norsk Hydro And Porsche Partner On Carbon Reduction Solutions
Norwegian aluminium producer Norsk Hydro ASA and German automaker Porsche AG have entered into an agreement to collaborate on developing...
Hilde Merete Aasheim
Glencore To Buy 30 Percent Of Alunorte From Norsk Hydro For US$700 Million
Norwegian aluminium producer Norsk Hydro ASA announced this week that it will sell 30 percent of Alunorte alumina refinery and 5 percent of MRN bauxite mine to Swiss miner Glencore plc. Per Glencore, the consideration on the sale should be in the...
Norsk Hydro Teams Up With Mercedes-Benz On Low-Carbon Technology Roadmap
Norway’s aluminium titan Norsk Hydro ASA has been chosen by Mercedes-Benz to collaborate on a common low-carbon technology roadmap beginning...
Norsk Hydro Joins Chorus Of Aluminium Smelters Seeking Sanctions On Russian Aluminium
Norway’s aluminium titan Norsk Hydro ASA called for sanctions on Russian aluminium from the United States and the European Union...
Events
Hydro Closes Deal With Elkem And Altor For Sustainable Battery Materials Firm Vianode
Norwegian aluminium producer Norsk Hydro ASA announced yesterday the closing of a deal with Norwegian advanced material solutions provider Elkem and Altor Equity Partners for a stake in sustainable battery materials manufacturer Vianode. Hydro announced the deal this spring, which has Hydro and Altor purchasing 30 percent each of Vianode, and Elkem buying the remaining […]
Norsk Hydro Begins Construction Of New Aluminium Recycling Plant In SW Michigan
Norwegian aluminium producer Norsk Hydro ASA broke ground last week on a new US$150 million aluminium recycling plant in Cassopolis, Michigan. According to Hydro, the plant’s nameplate capacity will be 120 thousand metric tons of low-carbon aluminium extrusions per annum. Production is slated to begin next year, and the plant will create about 70 jobs […]
Norsk Hydro Makes List Of Fortune’s Most Admired Companies In 2022
Norwegian aluminium producer Norsk Hydro ASA was included in this year’s list of Fortune’s World’s Most Admired Companies. Hydro made the list as one of only three Scandinavian countries, joining Denmark’s shipping company Maersk and Swedish automotive manufacturer Volvo. Hilde Merete Aasheim, Hydro President and CEO, credited the firm’s global workforce in achieving the ranking […]
Norsk Hydro Posts Record High Adjusted EBITDA In Third Quarter
Norwegian aluminium producer Norsk Hydro ASA released financial and production results for the third quarter of 2021 last week. The firm delivered record results as it achieved its targets set for the quarter, thanks in large part to higher all-in prices for aluminium and alumina. Revenue for the quarter came to NOK36,710 million, up by […]
Norsk Hydro Roars Back With Strong Q2 2021 Earnings
Norwegian aluminium firm Norsk Hydro ASA released results for the second quarter of 2021 yesterday. Numbers for the quarter generally reflected the improved market for aluminium, with financial markers exceeding both the prior quarter and the prior year. In the year’s second quarter Hydro reported revenues of NOK34,559 million, better slightly on the quarter and […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
