Norsk Hydro Says Production Up But Sales Down In April And May Thanks To COVID-19
Noting the unique situation in which the global economy has found itself in recent months, Norwegian aluminium smelter Norsk Hydro...
Norsk Hydro
Power Cut To Alunorte Alumina Refinery Prompts Sharp Reduction In Output
Norwegian aluminium smelter Norsk Hydro ASA said yesterday that operations at Paragominas bauxite mine and Alunorte alumina refinery have been impacted due to a power outage occasioned by the toppling of a trio of power transmission towers in the area. Per the...
Egil Hogna To Depart Norsk Hydro Upon Successor’s Appointment
Norwegian aluminium smelter Norsk Hydro ASA announced yesterday the departure of executive vice president Egil Hogna at the end of...
Blaze At Albras Halts Aluminium Smelting At One Of Four Potlines
An electrical fire late last week at Norsk Hydro’s Albras Alumínio Brasileiro S.A.’s (Albras) in Brazil has shut down one...
Events
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 metals prices took its toll in the period, resulting in a tepid bottom line. In the prior quarter, Hydro posted an underlying EBIT of NOK560 million. Underlying EBIT for Bauxite & Alumina fell on the […]
Sales Of Low-Carbon Aluminium Expected To Double In 2020: Norsk Hydro
Norwegian aluminium smelter Norsk Hydro ASA forecasts a doubling in the sales of its low-carbon aluminium over the course of the coming year, with even greater gains beyond that. Such was the message delivered by a company executive who spoke with Reuters last week. In an interview with the news outlet, Hydro’s Extruded Solutions head […]
Production Resumes At World’s Biggest Alumina Refinery In Brazil: Norsk Hydro
Norwegian aluminium giant Norsk Hydro ASA said on Saturday that power has been restored to Mineração Paragominas S.A. (Paragominas bauxite mine), allowing a return to normal production levels at Alumina do Norte do Brasil S.A. (Alunorte alumina refinery). Return to production at Paragominas came ten days after power was cut to the mine. Hydro confirmed […]
Power Outage Leads To Production Stoppage At Paragominas, Reduction At Alunorte
Norwegian aluminium giant Norsk Hydro ASA announced on Thursday a power outage in Brazil affecting the firm’s bauxite mine and alumina refinery in the state of Pará. According to Hydro’s press release, a transmission tower toppled on Wednesday, cutting power to Mineração Paragominas S.A. Though no injuries were reported, the mishap has temporarily halted production […]
Norsk Hydro Enters Into US$1.6 Billion Sustainability-Linked Revolving Credit Facility
Norwegian aluminium giant Norsk Hydro ASA announced yesterday the signing of a new, US$1.6 billion revolving multi-currency credit facility with margins linked to the firm’s greenhouse gas emissions target. Per the firm, the new credit facility will be used for general corporate purposes. It features a tenor of five years, with two one-year options to […]
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 ...
