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)...
Norsk Hydro
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 to a drop in aluminum and alumina prices, but higher upstream production and lower raw material costs helped to temper those downward...
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...
Pará Court Lifts One Of Two Embargoes Against Alunorte’s Bauxite Residue Disposal Site
One of two embargoes forbidding the usage of a waste product storage pond at Norwegian aluminium producer Norsk Hydro ASA’s...
Events
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 likely be complete by year’s end. Hydro indicated that the decision to sell […]
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 says will include shuttering production in some locations and laying off personnel. According to a press release, Hydro says the restructuring will include closure of a portion of the aluminium foil capacity at the Grevenbroich […]
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 […]
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 in purchasing Anglo-Australian mining giant Rio Tinto Group’s aluminium operations in Iceland, Sweden, and the Netherlands for up to US$350 million. An anonymous source Reuters characterized as being involved in the banking industry reportedly told […]
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 […]
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 and industry experts from all over the world to hear and exchange information on latest developments related to base metals and their ...
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 ...
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 ...
