Hydro Energi and Statkraft have signed a long-term power purchase agreement (PPA) securing an annual electricity supply of 876 GWh from 2031 to 2040. The agreement will provide Hydro with around 8.8 TWh of power during the contract period, with deliveries planned in Norway’s electricity price area...
The future of Bell Bay Aluminium smelter in Tasmania remains dependent on the outcome of negotiations over its electricity supply agreement. Federal Industry Minister of Australia Tim Ayres has stopped short of committing federal funding similar to the support extended to the Tomago aluminium...
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Norsk Hydro has announced that it will build a new remelt facility at its aluminium extrusion plant in Szekesfehervar, Hungary, with an annual capacity of 90,000 tonnes. Hydro’s extrusion plant in Hungary is the largest in Europe, having six presses and extensive fabrication and surface treatment...
Norsk Hydro’s aluminium smelter in Sunndal in western Norway holds the place as the largest smelter in Europe and also the producer of low-carbon aluminium. The investment of NOK 750 million by the global aluminium giant is towards the replacement and upgrade of the existing high voltage and...
Denso Corporation, a global automotive components manufacturer, has acknowledged its collaboration with Hydro Precision Tubing, Hydro’s aluminium extruded tubes and profiles manufacturing unit, by giving them the prestigious DENSO Award for Excellent Collaboration for Sustainability Initiatives in...
The aluminium industry witnessed multiple remarkable events in November 2021. When the world is encountering a phase of aluminium shortage, which has triggered the prices of the metal to touch an all-time high, around 1.8 million tonnes of aluminium worth a mighty $5 billion is presently being...
The global aluminium recycling segment has been in the spotlight this week due to a number of events. To begin with, PyroGenesis Canada Inc. joined Aluminium Stewardship Initiative (ASI), as the new General Supporter member. This was followed by the news that the Aluminium Association and the Can...
Hydro has announced its decision to invest in building a new state-of-the art aluminium recycling plant at Cassapolis, Michigan, which will produce 120,000 tonnes of aluminum extrusion ingot per year. Construction will expectedly start in early 2022, and the operations of the plant to commence in...
The quarterly results and the first nine months performance are gradually getting released for the bauxite segment, which has kept the industry highlighted, following the Guinea political unrest. However, in Guinea, Rusal produced 1.694 million tonnes of bauxite in 3Q2021, which was down by 6.77...
This week has been a week for quarterly updates from many stalwart primary aluminium companies such as Hydro, Qamco, Chalco, and Vedanta. Hydro announced that in 3Q2021, it produced 573,000 tonnes of primary aluminium, which was 2 per cent up from 561,000 tonnes in Q2 2021 and 10 per cent higher...
Hydro has announced in its 3Q2021 results that it produced 573,000 tonnes of primary aluminium in the said period. That was up by 2 per cent from 561,000 tonnes in Q2 2021 and 10 per cent higher than 522,000 tonnes in Q3 2020. Backed on the increase in production and surge in LME aluminium price,...
According to a recent report, Hydro is opening a new automotive extrusion press at its aluminium manufacturing plant in Suzhou, China, by investing NOK 390 million. The new P60 12-inch press will expand the extrusion capacity at Suzhou, along with the expansion of the plant. The extrusion press...
Hydro has announced in its quarterly results today that it has already reached the 2021 improvement target of NOK 5.1 billion during the third quarter of 2021 (ended on September 30), driven by global demand recovery and fiscal stimulus. As per the result revealed by Hydro, the company has achieved...
On 11th October 2021, Hilde Merete Aasheim, CEO of Norwegian aluminium and one of the largest aluminium companies worldwide, Norsk Hydro said: “The green transition is under threat unless governments can level the playing field between metal producers who are forced to pay offset costs for their...
On Monday, October 4, Hydro announced its decision to invest NOK60 million in a new casting furnace for the aluminium foundry alloy production at its largest and most modern primary aluminium plant in Sunndal. The company expects this investment to increase the production capacity of special alloys...
Hydro Aluminium Smelter in Husnes has appointed Jon Ola Ystgaard as a new Plant Manager, who will be reporting to Head of Primary Production in Hydro Aluminium Metal Ola Saeter. Mr Ystgaard, who will be joining Hydro Husnes on October 11, comes with vast years of experience in the aluminium...
Yunnan Aluminium Co., Ltd. has reduced its 2021 production target by more than 500,000 tonnes or almost 18 per cent after the local government enforced production curb for the rest of the year. The news came after the company, which uses Yunnan’s hydropower sources for the energy-intensive smelting...
According to a recent report, Hydro has entered into a 15-year contract with New Fortress Energy (NFE) for the supply of Liquefied Natural Gas (LNG) to the Alunorte alumina refinery in Brazil, as part of the fuel-switch initiative to replace the refinery’s energy sources and reduce carbon...
The week witnessed announcement of Hydro’s aluminium recycling capacity Sjunnen extrusion plant and India’s aluminium scrap imports from the United States. Some of the major highlights of the week are: Hydro will expand its aluminium recycling capacity at its Sjunnen extrusion plant in Sweden by...
Hydro has signed power purchase agreement (PPA) with Competitive Power Ventures (CPV) for power supply to its Cressona operations. CPV will provide power to the Hydro Cressona facility in the second quarter of 2022. The agreement consists of about 48MW of generation and is the first long-term...
