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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The first quarter (Q1) financial results of Norsk Hydro delivered a resilient operational performance, although with mixed financial results in the upstream segment of alumina. Alumina production at Alunorte in Q1 2026 improved year-on-year compared to Q1 2025 , with yield improvement and...
Norsk Hydro has acquired a long-term electricity arrangement with Statkraft to provide power supply for its aluminium plants in Norway well into the next decade. The agreement starts from 2029, up until 2038. Over that period, the total volume adds up to 12.3 terawatt hours, out of which 8.8 TWh...
It has been over a month since we released our special magazine, “ Women in Aluminium: Real Stories. Real Shifts ”, where women working in the aluminium industry across roles and domains have come together and shared their stories. Be it navigating the industry upon entering or thriving through the...
Members of Hydro’s Executive Leadership Team have received shares in Hydro via the Long-Term Incentive plan and purchased shares via the employee share purchase program. Long-Term Incentive Plan Norsk Hydro ASA has a share-based Long-Term Incentive (LTI) program in the form of a maximum...
Hydro opens the Usina da Paz community center in the Tomé-Açu municipality, marking the seventh community center delivered with the Government of Pará under the TerPaz programme. The initiative reinforces Hydro’s community engagement in Brazil and supports a long-term commitment to expanding access...
Deutsche Bank has downgraded Norsk Hydro to “hold” from "buy", as it raised its price target to NOK100 (USD 9.3) from NOK88 (USD 8.2), citing stretched valuations after a sharp rally in aluminium prices. Shares of the Norwegian producer closed at NOK107.60 (USD 10), marking a record high. The stock...
Norsk Hydro has managed to cut emissions by roughly 30-35 per cent on one of its main European shipping routes, using upgrades on two cargo vessels, Trans Sol and Trans Hav, operated by Sea-Cargo. The ships are used to move low-carbon aluminium from Norway into European markets, so this is...
Brazil sits among the world’s five major bauxite players as of 2025-alongside Guinea, Australia, Vietnam and Indonesia-with reserves estimated at around 1.7 billion tonnes. But that hasn’t translated into higher output. Production reached 33 million tonnes in 2025, unchanged from 2024, and has been...
Hydro regrets to inform that a contractor at the Alunorte alumina refinery in Brazil passed away in a local hospital during the afternoon of March 30, 2026. Alunorte's emergency team was activated and immediately attended to the contractor after medical assistance on site was required. After...
For a long time, recycled aluminium has been seen as the industry’s safety valve-helping both with decarbonisation and raw material security. That role remains intact, but the market is beginning to show some strain. The United States still dominates as a major exporter of aluminium scrap, backed...
Hydro Energi AS has signed a long-term power purchase agreement (PPA) with Swiss energy provider Alpiq, securing an annual supply of 219 GWh in the period from 2031 to 2038. For the global aluminium value-chain 2026 outlook, book our exclusive report “ Global ALuminium Industry Outlook 2026 " The...
Norsk Hydro has confirmed that aluminium production at the integrated aluminium complex Qatalum, Hydro’s joint venture with Qatar Aluminum Manufacturing Company QPSC (QAMCO), will continue at around 60 per cent capacity. The announcement followed the initial announcement of a controlled shutdown of...
Hydro has decided to further consolidate the Extrusions operations in Europe with a proposal to close the Lucé plant in France. This move is made to optimise the extrusion footprint in Europe and strengthen competitiveness. The proposed closure affects approximately 80 employees, and a formal...
During 2024 and 2025, Hydro has donated more than 10,000 pieces of flame-retardant workwear to Ukrainian fire and rescue services. The donation is the result of a broad collaboration between Hydro's Norwegian aluminium plants and the inclusive business Sogn Vekst in Årdal. The flame-retardant...
Olav Magnus Linge has been appointed new Executive Vice President (EVP) for Communication & Public Affairs, effective April 1, 2026. Linge succeeds Therese Rød Holm who, after five years, has decided to step down from her current role as EVP for Communication & Public Affairs to take on the new...
Hydro, a leading Norwegian industrial company specialising in aluminium production, has entrusted Sistem Teknik Industrial Furnaces, a firm undertaking the production and maintenance of the state-of-the-art industrial furnaces, with the supply of a new aluminium logs homogenising centre. The...
Hydro has reached new milestones in its support for the TerPaz community program with the opening of community centres in Barcarena in late 2025, and most recently, in Paragominas. The centres are part of a broader, long-term effort to expand access to essential services for local communities...
Norsk Hydro has grabbed headlines during the entire 2025 calendar year for its job cuts, plant closure and among other relatively positive news pieces. And this time, it is the financial results that has pulled eyeballs and rightfully so as the global business has managed to affirm positive...
