
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 ASA announced on Tuesday that its fully owned subsidiary Hydro Energi AS entered into a long-term contract with Markbygden Ett AB to supply power to company's aluminium plants. Markbygden Ett AB, a Swedish wind power company, will provide an annual baseload supply of 1.65 TWh in the...

Aluminum maker Norsk Hydro may restart a mothballed Norwegian production line as global metals markets tighten following a Chinese clampdown on pollution, the company’s chief executive told Reuters. Hydro is considering boosting output at its Husnes plant by some 95,000 tonnes per year, raising the...

Hydro yesterday announced results for the third quarter of 2017. The company’s underlying earnings before financial items and tax decreased to NOK 2,446 million in the third quarter. Hydro President & CEO, Svein Richard Brandtzæg said, “"We have lifted our global demand estimate for 2017 to 5-6%,...

Aluminium price index has been trending higher. The prices of the key aluminium raw material were stable in June and July 2017 around the US$300 per tonne level, but they started gaining momentum up the track last month. Since LME and SHFE aluminium have been strong, alumina too seems to have...

Norsk Hydro’s acquisition of Orkla’s 50% ownership in Sapa was completed today, October 2, giving Hydro full ownership in the global leader in extruded aluminium solutions and making Hydro a leading force in the global aluminium industry. The combination makes Hydro the only global company in the...

Hydro has issued a notice of force majeure to its bauxite customers as Hydro will not receive the full contracted volumes from its supplier, MRN, due to lower production at the bauxite mine. This will affect Hydro's bauxite deliveries to customers. MRN, where Hydro has a 5% ownership and additional...

Hydro announced the grand opening of the new pilot plant located at its existing aluminium plant in Karmøy, Norway. The new plant is the world’s most climate-friendly aluminium production technology, according to the company press release. The 60 new electrolysis cells will produce 75,000 tonnes of...

<p>Norsk Hydro reports positive 2nd quarter 2017 results driven by higher realized all-in metal and favourable currency developments that was slightly offset by higher raw material costs and lower realized alumina prices. Hydro reports underlying EBITD of to NOK 2,930 million in comparison to NOK...

<p>Hydro reports positive results for the second quarter of 2017, driven by better metal prices. However, underlying EBIT for Bauxite & Alumina decreased from the first quarter mostly attributed to lower realized alumina prices, driven by a weaker alumina index. </p> <p style="text-align:...

<p>Downstream aluminium sector is where the real buzz is right now. The once mighty primary aluminium industries in many regions are currently shifting their focus to downstream manufacturing, and the last week stood a witness of many such changes.</p> <p><strong>Norsk Hydro</strong> entered into...

<p>Norsk Hydro have entered into an agreement with Orkla to purchase Orkla's 50% interest in Sapa for a value of NOK 27 billion. This will give Hydro the full ownership in the global leader in extruded aluminium solutions making Hydro a leading global integrated aluminium company with more than...

<p>The eleventh edition of Metef just ended in Verona; a great interest among the exibitors and visitors was clearly visible, business linked to the aluminium and foundry worlds was brisk and the dominant theme recorded was that of a more international character. There was a 25% increase in the...

<p>Oleg Mukhamedshin, deputy chief executive of Rusal has said to media that Rusal, the world’s second-largest aluminium producer, will stick to its target of converting all of its electricity sources to clean energy or hydropower by 2020. It is noteworthy that President Donald Trump early...

<p>As reported to Reuters by Hydro, Qatar Aluminium is now exporting metals via ports in Kuwait and Oman, as well as a Qatari container port.</p> <p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/qatalum3.jpg" alt="News" width="517"...

<p class="hs1">The Qatalum aluminium plant is working to solve outbound logistical challenges arising from the uncertain situation in the Middle-East after Saudi Arabia, UAE, Bahrain and Egypt cut off transportation links and severed diplomatic ties with Qatar.</p> <p class="hs1" style="text-align:...

<p>Hydro has inaugurated its new state-of-the-art automotive line for light and advanced aluminium solutions in cars in Grevenbroich, Germany. German Chancellor Angela Merkel and Norwegian Prime Minister Erna Solberg were present during the inauguration of the facility.</p> <p>Hydro has...

<p>Demolition of the aluminium smelter infrastructure at Hydro's Kurri Kurri site is expected to begin in May. The Norway based aluminium producer announced that they have got on board CMA Contracting to demolish the smelter that will initiate the two-to-three-year project of redevelopment of the...

<p>Norsk Hydro reports positive first quarter 2017 results driven by higher realized all-in metal and alumina prices that was slightly offset by higher raw material costs. </p> <p>Hydro reports underlying EBITD of to NOK 2,284 million in comparison to NOK 1,829 million in the fourth quarter...