Norsk Hydro

Higher Upstream Production, Lower Raw Material Costs Buoy Difficult Quarter For 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...

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 […]

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 […]