Norsk Hydro And Lyse Merge Hydropower Assets Into New Joint Partnership
Norwegian aluminium smelter Norsk Hydro ASA and compatriot industrial group Lyse announced earlier this week the formation of a joint...
Hilde Merete Aasheim
Norsk Hydro Sells Aluminium Rolling Business To KPS Capital Partners For €1,380 MM
Norwegian aluminium producer Norsk Hydro ASA said yesterday it sold its aluminium rolling business to KPS Capital Partners for €1,380 million as part of the firm’s effort to shore up profitability and encourage sustainability. Hydro’s rolling business includes seven plants, a research...
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...
Higher Upstream Production, Lower Raw Material Costs Buoy Difficult Quarter For Norsk Hydro
Norwegian aluminium giant Norsk Hydro ASA released results for the third quarter of 2019 yesterday. Financials were down overall due...
Events
Brazilian Court Lifts Second Of Two Embargoes At Alunorte
Brazil’s federal court lifted the final embargo on the waste disposal unit at Alumina do Norte do Brasil S.A. (Alunorte) on Thursday, drawing to a close the 19-month production curtailment at the site and paving the way for the world’s most prolific alumina refinery to resume full production. Thursday’s action to remove the criminal suit’s […]
Norsk Hydro Announces Company-Wide Restructuring
Norwegian aluminium giant Norsk Hydro ASA said yesterday it will soon implement a plan to increase returns and cash flow via a wide-ranging effort at improving and restructuring its business areas, all while emphasizing sustainability in its business practices. The plan, which will be unveiled at Hydro’s Investor Day 2019, will outline Hydro’s new strategic […]
Lower Prices And Cyber Attack Take Toll On Norsk Hydro’s Q2 Financial Results
Norwegian aluminium producer Norsk Hydro ASA released financial results for the second quarter on Monday. The firm’s bottom line suffered due to the twin effects of a drop in prices and an attack on the company’s IT systems. In the second quarter, Hydro reported an EBIT of NOK656 million, down on the year from last […]
Rising Raw Material Costs And Stoppages At Alunorte Take Toll On Norsk Hydro’s Q1 Numbers
Norwegian aluminium producer Norsk Hydro ASA reported results for the first quarter of 2019 yesterday. The firm struggled in the quarter mainly due to a spike in raw materials costs, mandatory curtailments at Alunorte, and the cyber attack against it earlier this year. In the first quarter, Hydro posted an underlying EBIT of NOK559 million, […]
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 […]
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 businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
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 ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
