Hilde Merete Aasheim

Hydro’s Fourth Quarter Results Sag Thanks To Sluggish Demand And Anemic Metals Markets

Hydro’s Fourth Quarter Results Sag Thanks To Sluggish Demand And Anemic Metals Markets

Norwegian aluminium smelter Norsk Hydro ASA released results for the final quarter of 2019 on Friday. Falling demand and weak metals prices took its toll in the period, resulting in a tepid bottom line. In the prior quarter, Hydro posted an underlying...

Second And Final Production Embargo At Alunorte Lifted By Brazilian Court

The last remaining production embargo at Alumina do Norte do Brasil S.A. (Alunorte) is a thing of the past after the Brazilian federal court in Belem vacated it on Monday. Norsk Hydro made the announcement yesterday of the embargo’s end, noting that the criminal lawsuit from which it sprung still continues. Additionally, embargoes on use […]

Hydro To Invest US$172 MM In Upgrades To Idled Line At Husnes

Norwegian aluminium smelter Norsk Hydro ASA announced yesterday a final build decision on a plan to invest NOK1.4 billion (US$172 million) in a project to double production at its aluminium plant in Husnes, Norway. Per the press release, Hydro’s expansion project will include the upgrade and start-up of the plant’s second line, which has been […]