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...
Grow with
AL Circle
Aluminum traded near a one-month high as demand prospects for the light metal improve amid advancing car sales and rising fuel costs. Aluminum for delivery in three months increased as much as 0.2 percent to $2,147 a metric ton on the London Metal Exchange and traded at $2,145.75 at 11:53 a.m. in...
Norwegian aluminum producer Norsk Hydro sees "interesting" opportunities in China's growing import markets for bauxite and alumina, while global markets for aluminum metal remain oversupplied, Chief Executive Svein Richard Brandtzaeg said Tuesday. "China's still short on bauxite production," Mr....
The global aluminum production is expected to continue its recovery this year after bottoming out in the course of 2012, Norsk Hydro said on Tuesday on the occasion of the publication of quarterly figures exceeded expectations. The Norwegian group, one of the largest aluminum producers in the...
Norwegian aluminium producer Norsk Hydro has signed a contract with Rockwool to transform spent pot lining (SPL) into firesafe insulation. The deal ensures that SPL, which is classified as hazardous waste because it contains fluorides (among other things) is turned into rock wool, an important...
Subject to closing of the planned Sapa joint venture between Hydro and Orkla, Executive Vice President of Extruded Products, Hans-Joachim Kock, has been appointed Head of Finance in Hydro's Bauxite & Alumina business area after Eivind Kallevik, who has recently been appointed CFO in Hydro. The...
Norsk Hydro fell the most in a month in Oslo as Goldman Sachs Group Inc. advised selling the shares amid weak demand for the lightweight metal and said Vale SA could sell its stake in the market. Hydro, Europe’s third-largest aluminum producer, fell as much as 3.2 percent, the most since Dec. 7,...
Norwegian aluminium maker Norsk Hydro maintained its outlook for primary aluminium demand this year, even as rival Alcoa released a bullish projection a day earlier, its top executive said on Wednesday. "We haven't changed our position for the future growth of aluminium," Chief Executive Richard...
It is hoped manufacturing firms across the country can learn from the recent closure of the Kurri Kurri aluminium smelter. The Hydro plant closed down a few months ago, and out of nearly 330 workers more than 210 have either found full-time employment elsewhere, started studying or retired. A...
Vale SA, the world’s largest iron- ore producer, said it will book a $4.2 billion fourth-quarter charge after lowering the valuation of a nickel mine and its stake in aluminum producer Norsk Hydro ASA. (NHY) Vale will take a $2.85 billion pretax writedown on its Brazilian nickel project Onca Puma...
Eivind Kallevik has been appointed Executive Vice President and Chief Financial Officer for the Norwegian aluminium company Norsk Hydro ASA. The appointment of Kallevik, currently head of Finance in Hydro's Bauxite & Alumina business area, will become effective from February 15, 2013. "Kallevik has...
Pascal Hubert as director of Hydro Aluminium in Châteauroux, seems to be sweeping the questions about the future of the site castelroussin. Especially since the depressed construction sector affects the aluminum profile with full force. "But the extruded products are everywhere in our environment,...
Norsk Hydro ASA, Europe’s third- largest aluminum producer, fell the most in more than a month in Oslo trading as Nomura International Plc said the company may be over-reliant in its bet on a recovery of metal prices. Hydro, which competes in Europe with United Co. Rusal and Rio Tinto Alcan Inc.,...
Vale SA, the giant Brazilian mining company, said Thursday it is in no rush to sell its 22% stake in Norway-based aluminum company Norsk Hydro ASA (NHY.OS, NHYDY). "We will sell when it is showing value for Vale," Murilo Ferreira, Vale's chief executive, told journalists at the company's London...
Students and professors at the Qatar University and the Norwegian University of Science and Technology meet with representatives from the industrial companies Qatar Petroleum and Hydro, which together own the Qatalum aluminium company. All take an interest in aluminium, and are eager to develop...
Norwegian aluminum producer Norsk Hydro is forecasting global aluminum demand to grow 2-4% in 2013, excluding China, after the 2% expansion verified in 2012, mostly due to international market recovery and the current process of capacity cuts and inventories reduction. Big players in the industry...
A building at Hydro Aluminum caught fire around 1 p.m. after molten aluminum spilled from a piece of equipment, said St. Johns County Fire Rescue spokesman Matthew Sara. The fire started around 12:44 p.m. in a “re-melt” building at the plant on 200 Rivera Blvd. off U.S. 1 South. When Fire Rescue...
Hydro is focusing its Capital Markets Day 2012 on the improvement efforts being made throughout the company, aiming to create a global leader in aluminium. Hydro is expecting world aluminium demand outside China of 2-4% in 2013 and solid global long-term growth of4-6% annually over the next 10...
A hit to electricity contracts with aluminum smelters reduced Hydro-Quebec's profits in the third quarter. Excluding a charge related to the planned closure of the Gentilly-2 nuclear reactor, the public utility's profits fell 6.9 per cent to $376 million for the period ended Sept. 30. That's down...
