Hydro locks in renewable power supply through 2040 with Statkraft to drive low-carbon aluminium growth in Norway
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...
Bell Bay Aluminium conundrum: Can Tasmania close the $60m power gap?
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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Hydro extends contracts with EDB ErgoGroup
Hydro has extended three agreements with EDB ErgoGroup forthe development, management and operation of Hydro's Commodity Trading System(CTS). The renewed agreements run for three years, with the option to extend for further two years. The three agreements represent total contract value of NOK17...
Hydro Supplies Aluminium Sheet to Build Electric Cars in Paris
Hydro, a global supplier of aluminium, has been a major supplier of aluminium body sheet for the Bluecar production in Paris. Pininfarina, an Italian car design firm, and Bolloré, a French investment and industrial holding group, have launched Bluecar, an electric vehicle, at the 2008 Paris Motor...
Norsk Hydro : E-car in Paris with aluminium sheet from Hydro
The Pininfarina Bluecar, a product of the car design factory Pininfarina in collaboration with the French industry group Bolloré, was introduced at the 2008 Paris Motor Show. It's no longer a concept: In 2011, about 3,000 cars were produced. 3,000 Bluecars drive around the capital of France, with...
Norsk Hydro Falls as Aluminum Surplus May Increase:
Norsk Hydro ASA (NHY), Europe’s third- largest aluminum producer, fell the most in almost two weeks in Oslo trading after an analyst report predicted a worsening of oversupply in the global aluminum market in 2012. The shares fell as much as 3.2 percent, the most since Feb. 14 and were down 2.3...
Hydro Aluminium Featured In Leading Trade Magazine, Australia’s Best Mining
Aluminium is crucial to many everyday things around us, although we may not notice. Without aluminium we cannot fly, travel by high-speed train, high-performance car, or fast ferry. We cannot get heat and light into our homes and offices without it. Therefore, Hydro Aluminium plays a more...
Norsk Hydro Posts Loss After Lower Aluminum Prices, Production
Norsk Hydro ASA (NHY), Europe’s third- largest aluminum producer, reported a loss in the fourth quarter after it cut production in Australia, Spain and Italy because of lower metal prices and demand. The net loss was 739 million kroner ($127.3 million) compared with net income of 745 million kroner...
Norway's Hydro says aluminium industry faces challenging time
The aluminium industry is facing a challenging time as producers tackle high input costs and lower prices for aluminium and aluminium-related products, Norwegian producer Norsk Hydro's CFO said Thursday in an interview. "For many players it's still challenging, there is always more you can do," CFO...
Norsk Hydro CEO Mulls Further Production Cuts In Australia
Norwegian aluminum producer Norsk Hydro ASA (NHY.OS) said Thursday it is considering reducing production further from its Kurri Kurri plant in Australia, after a write-down on the plant weighed on the company's earnings. Norsk Hydro, Europe's largest aluminum producer, shuttered more than 300,000...
Norsk Hydro: Aluminum Market In 1.9 Million-ton Surplus In 2011
The global aluminum market was in a 1.9 million metric tons a year surplus by the end of 2011, Norwegian producer Norsk Hydro ASA (NHY.OS) said Thursday, with demand affected by weak markets in the latter part of the year. Consumption in the fourth quarter on an annualized basis amounted to 24.7...
BHP scraps plans for Congo smelter
BHP Billiton has shelved plans to build an aluminium smelter that would have underpinned a hydropower plant known as Inga III in the Democratic Republic of Congo. “Following a review of the project’s economics, BHP Billiton has decided not to continue with its smelter project in the DRC, which was...
Norsk Hydro CEO Sees Aluminum Cuts in West, Not China
Look to the west, not China, to make further aluminum production cuts to help reduce the market oversupply, the chief executive of Europe's largest producer of the metal said Thursday. Speaking in an interview with Dow Jones Newswires, Norsk Hydro ASA's Svein Richard Brandtzaeg said that history...
Norsk Hydro Sees Stable Alumina Market In First Quarter 2012
The global alumina market is expected to stay fairly stable for the first quarter of 2012, Norwegian producer Norsk Hydro ASA (NHY.OS) said Thursday, with prices trading around $305 a metric ton by the end of 2011. The producer said the ramp-up of new primary metal production capacity was a key...
Norsk Hydro tops Q4 forecast after restructuring
Norwegian aluminium maker Norsk Hydro said restructuring paid off with final quarter core profit above forecast while lower prices and a weakening market did not dent its business as much as feared. "We have taken swift measures to improve operations, and we are prepared for further corrective...
Rio’s Malaysia aluminium smelter plans stall over power
Rio Tinto’s plans to build a $US4.5?billion hydro-powered aluminium smelter in Malaysia appear to have stalled, with negotiations on a power contract taking far longer than expected when the project was unveiled in 2007.
Norsk Hydro : Aluminium HVAC agreement with Turkish Konveyör
Hydro's aluminium tubing plant in Denmark and the Turkish company Konveyör have signed a cooperation agreement designed to support customers and make easier their replacement of copper tubing with aluminium in heating, ventilation, refrigeration and air conditioning applications. TREND: The shift...
Kurri Kurri smelter needs certainty
A SUBCONTRACTOR with Hydro aluminium at Kurri Kurri has confirmed it axed 26 jobs in the wake of the smelter owner’s decision to close its oldest potline. Union officials are seeking a meeting with Premier Barry O’Farrell to discuss the smelter’s need for a long-term power contract with the...
Hydro Helps to Promote Aluminium Usage in Automobiles
Hydro's extrusion operation division employees are trying to promote the use of aluminum in vehicles. The initial part of the campaign known as "Jobs From Autos" is led by a production manager, Matthew Holbrook from the St.Augustine, Florida-based Hydro plant. Eight million Americans are dependent...
Markets Weaken after DJ Norsk Hydro Q4 Hit By NOK1.3B Writedowns
Norway's Norsk Hydro ASA (NHY.OS) said Wednesday its fourth quarter results will be hit by writedowns of NOK1.3 billion ($221.4 million) as weakening in certain markets, low prices and raw material and currency pressures weigh on the aluminum producer. "We have seen a worsening in some markets,...
