Norsk Hydro To Slim Down Rolled Products Segment Via Aluminium Foil Capacity Closure, Layoffs
Norwegian aluminium producer Norsk Hydro ASA announced the launch of a top-to-bottom restructuring of its rolled product business, which it...
Norsk Hydro
Norsk Hydro Agrees To Sell Romanian Extrusion Plant To Austrian Firm For Undisclosed Sum
Norwegian aluminium producer Norsk Hydro ASA yesterday announced the signing of an agreement with Austrian firm Hammerer Aluminium Industries (HAI) to sell Romanian extrusion plant Hydro Extrusion SRL. Terms of the transaction were not released, but Hydro indicated that the sale would...
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...
Sources Say Glencore And Liberty House Among Trio Of Potential Buyers Of Rio Tinto’s Iceland Aluminium Assets
Sources revealed to Reuters late last week that at least three companies, including Glencore plc, have shown a strong interest...
Events
Norsk Hydro’s Alunorte Refinery And Paragominas Mine Achieve ASI Certification
The Aluminium Stewardship Initiative (ASI) announced certification for two more plants under the Norsk Hydro umbrella yesterday, namely the Paragominas bauxite mine and the Alunorte alumina refinery in northern Brazil. The ASI said the two operations passed certification for both its Performance Standard and Chain of Custody Standard. Hydro’s scrap re-melting and casthouse operations have […]
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, […]
ASI Certifies Hydro Aluminium Rolled Products Plants In Germany Against Chain Of Custody Standard
The Aluminium Stewardship Initiative (ASI) announced yesterday the certification of two of Norwegian aluminium firm Norsk Hydro ASA subsidiary Hydro Aluminium Rolled Products GmbH’s plants in Grevenbroich, Hamburg, and Neuss, Germany against ASI’s Chain of Custody Standard. Also certified in this action was operations at the joint venture site of Alunorf. Yesterday’s announcement comes only […]
One Of Two Production Embargoes Against Alunorte Lifted By Brazilian Federal Court
A Brazilian court rescinded a production embargo on operations related to a civil lawsuit at Alumina do Norte do Brasil S.A. (Alunorte) on Wednesday, leaving in place an injunction against production imposed in a parallel criminal action. Norsk Hydro says it expects the Federal Court in Belém to rule on both cases shortly, but status […]
ASI Certifies Norsk Hydro Extrusion Plants In Germany And Belgium
The Aluminium Stewardship Initiative (ASI) announced last week the certification of Norwegian aluminium firm Norsk Hydro ASA subsidiary Hydro Aluminium Extruded Solutions’s plants at Bellenberg, Germany and Lichtervelde, Belgium to the organization’s ASI Performance Standards. Per the ASI, Hydro’s extrusions and profiles operations at the above plants have been certified against its standards for responsible […]
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 traders hope that easing trade tensions between U.S. and China might boost demand for metals in the remaining part of the year. ...
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 ...
Aluminium Prices Under Double Pressure: Trade Wars and Chinese Exports
Base metals prices tumbled to their lowest in several weeks at the start of August, after U.S. President Donald Trump ...
Dirty Metal – China’s Troublesome Tether Between Coal And Aluminium
The year 2019 has been a red-letter year for the aluminium sector in the People’s Republic of China. Despite trade ...
