Mandatory Production Cuts At Alunorte Impact Norsk Hydro’s Bottom Line In Fourth Quarter
State-mandated production cuts at Alunorte and a spike in production costs took their toll on Norsk Hydro’s fourth quarter results,...
In a letter penned by President and CEO Svein Richard Brandtzæg, mandatory curtailment at Alunorte and a spike in raw material costs conspired to damage Norwegian aluminium smelter Norsk Hydro ASA’s bottom line last year. Noting that Extruded Solutions was fully integrated...
State-mandated production cuts at Alunorte and a spike in production costs took their toll on Norsk Hydro’s fourth quarter results,...
The world’s biggest alumina refinery may soon return to full production, though the process by which the plant achieves it...
Though still on the rise, trade sanctions and tariffs are likely to throw up a roadblock to aluminium demand growth...
Norwegian aluminium smelter Norsk Hydro ASA announced yesterday that Hydro Hoogezand, its aluminium extrustion plant in Netherlands, has become the world’s first extrusion plant to obtain Performance Standard certification from global standards and certification organization The Aluminium Stewardship Initiative (ASI). Per Norsk Hydro, Hydro Hoogezand is the first of 15 plants the firm intends to […]
Norwegian aluminium smelter Norsk Hydro ASA released third-quarter results yesterday. The firm’s quarterly numbers surpass forecasts largely due to rising metal prices and despite continuing curtailments at the Alunorte alumina refinery. Hydro’s overall revenue for the quarter totaled NOK39,766 million, up by 74 percent on the year. Earnings before financial items and tax (EBIT) came […]
Though the industry has made significant strides in the past few decades in the direction of environmental responsibility, Norsk Hydro’s CEO Svein Richard Brandtzæg, much more is yet to be done. In an interview with Metal Bulletin on Wednesday, Brandtzæg said that there’s no going back to the pre-responsibility days, noting that the People’s Republic […]
Norsk Hydro reported numbers for the second quarter on Tuesday. The firm’s numbers suffered thanks to outages at key plants and increased cost of raw materials, but losses were mitigated somewhat by a rise in metal prices and gains in downstream and energy businesses. In the second quarter this year, Hydro mined 1,348 thousand metric […]
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 […]
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...