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06 SEPTEMBER 2022 AL CIRCLE

Hydro's Karmøy facility operations on hold due to low demand for aluminium

EDITED BY : SARNALI CHAKRABORTY 1MINS READ

Norsk Hydro, one of the largest aluminium companies in the world, announced on Tuesday, September 6, that due to a drop in demand for aluminium, the company has decided to keep a small portion of its aluminium capacity in Norway out of service, following maintenance.

Low demand for aluminium causes Hydro to pause smelting operations at its Karmøy facility

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Out of the 1.1 million tonnes the firm produces in Norway each year, Hydro has opted not to begin smelting pots at its Karmøy and Husnes facilities, reducing output by a few tens of thousands of tonnes.

"The main reason is lower demand for aluminium. We're not actively shutting down but we're holding off on restarts after maintenance this is within what we would call normal variations," said Hydro spokesperson Halvor Molland.

Future of Aluminium in Transportation Sector

Although it played a role in the choice, the rising cost of energy was not the main factor because Hydro already produces enough power to meet most of its demands and has long-term contracts in place to do so.

Tagged with:

Aluminium Hydro Europe

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EDITED BY : SARNALI CHAKRABORTY 1MINS READ

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