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...
Hilde Merete Aasheim
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...
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...
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...
Events
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 […]
Shake-Up In Norsk Hydro’s Executive Management As Aasheim Assumes Company’s Top Office
Norwegian aluminium producer Norsk Hydro ASA announced several changes in its executive team earlier this week following Hilde Merete Aasheim’s ascension to the company’s position of president and CEO. Aasheim, who assumed her new role on Wednesday, named Eivind Kallevik to fill her former seat of head of Primary Metal, while Pål Kildemo assumes Kallevik’s […]
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 […]
Norsk Hydro Brings Final Electrolysis Cell Online at Karmøy Technology Pilot Plant
The full compliment of 60 electrolysis cells are now online at Norsk Hydro A.S.A.’s Karmøy technology pilot. Hydro made the announcement yesterday, noting that the NOK4.3 billion site will provide a launch pad for the firm’s development of high-efficiency, low-pollution electrolysis of aluminium. At Karmøy the firm is testing a method for smelting primary aluminium […]
Norsk Hydro Tenders Binding Offer for Purchase of ISAL Smelter to Rio Tinto for US$345 MM
Norwegian aluminium firm Norsk Hydro A.S.A. announced yesterday the tender of a binding offer for Rio Tinto Iceland Ltd. (ISAL), a majority share of Dutch anode facility Aluminium & Chemie Rotterdam B.V. (Aluchemie) and a half interest in Swedish aluminium fluoride plant Alufluor AB (Alufluor) to Anglo-Australian mining giant Rio Tinto Group for US$345 million. […]
International Aluminium 2019 Conference – Key Takeaways
The FastmaketsMB aluminium conference is the sequel to the Metal Bulletin aluminium conferences, which have traditionally been one of oldest and biggest aluminium events in the world. This year, the conference was held in Athens between 23 and 25 September and was ...
Electric Vehicles (EVs): outlook for sales and aluminium demand
After last year’s electric vehicles (EVs) sales increase of 72% year/year, to 2.02 million, this year’s growth is expected to ...
Are Things Finally Looking Up For The Aluminium Market?
Base metals prices recovered sharply in the first half of September, after a seasonal slump in August, as investors and ...
Zhongwang Fake Semis Prosecution May Slam The Door On Key Routes For U.S. Import Duty Avoidance
The global aluminium market has been watching the trials and travails of Chinese behemoth Zhongwang with intense interest for the ...
