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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Aluminium smelter lacking rain
The operators of New Zealand's only aluminium smelter would like some rain, and plenty of it. Decreasing water levels in the South Island hydro lakes has electricity spot market prices fluctuating. The price fluctuations mean power consumption at the Tiwai Point smelter has been reduced and...
Hydro's fourth quarter results affected by impairments
Norsk Hydro ASA will write down the value of certain fixed assets by approximately NOK 1.3 billion, affecting its fourth-quarter 2011 results. The impairments are a result of a weakening in certain markets and low prices, in combination with raw material and currency pressures. Hydro continues to...
Norsk Hydro : Tea Light Hunt a great success in Norway
The environmental campaign Tea Light Hunt is a big hit. Over 23,000 school children from all over Norway have collected more than four million used tea light cups for recycling - and they are not finished yet! Tea Light Hunt hopes to raise awareness about the recycling of aluminium. COLLECTION: All...
Smelters close as aluminium price melts
Aluminium smelters are being closed across the globe. And there is the prospect of more to come from the industry's majors as well as its minors. Intended or not, the closures have helped reverse the metal's price decline of the past year. How many more closures might be needed to turn the price is...
Major aluminum market developments in December
Reuters reported that aluminum prices fell in December as demand worries weighed and while a handful of production cutback announcements have since lent the market a steadier tone, lackluster demand is seen likely to limit moves higher near term. In early January, Alcoa Inc announced it was cutting...
Major aluminum market developments in December
Reuters reported that aluminum prices fell in December as demand worries weighed and while a handful of production cutback announcements have since lent the market a steadier tone, lackluster demand is seen likely to limit moves higher near term. In early January, Alcoa Inc announced it was cutting...
Norsk Hydro : Hydro Green Aluminium Award
Students, researchers and others can compete for a $35,000 prize in the Hydro Green Metal Award for improving the climate footprint of aluminium production. We need to be smarter about how we use our resources, and aluminum is part of the solution. With its light weight, it contributes to more...
Aluminium output growth's twin drivers
Global aluminium production grew by 7.4 percent to 43.4 million tonnes in 2011, according to figures released by the International Aluminium Institute (IAI). The twin drivers of that growth were China and the Gulf, where production grew by 10.3 percent and 27.5 percent, respectively. Last year's...
Norsk Hydro Restricts Production at its Aluminium Facility in Australia
In response to the economic slowdown, low metal prices and a weak market, Norsk Hydro has announced that it will stop one of its production lines at its facility located in Kurri Kurri in Australia. The company has taken this decision in consultation with its employees. The company will stop...
Hydro curtails production in Kurri Kurri, Australia
Norsk Hydro ASA has decided to curtail one of three production lines at its Kurri Kurri aluminium plant in Australia. The decision follows a consultation process with the local employees. "Kurri Kurri is in a tough spot, and we need to take swift actions to reduce losses. Operation under current...
UPDATE 1-Norsk Hydro to cut Australia aluminium plant output
Norwegian aluminium producer Norsk Hydro will close one of three production lines at its Kurri Kurri plant in Australia, taking 60,000 metric tonnes a year off the weak metals market, the company said on Wednesday. "Kurri Kurri is in a tough spot, and we need to take swift actions to reduce...
State cash should go to Hunter smelter workers: Opposition
MONEY from a struggling state government scheme meant to attract new residents to regional areas should be redirected to support workers and businesses affected by job losses at Hunter aluminium smelters, the state opposition says. The Hydro-owned Kurri Kurri smelter and the Rio Tinto-owned Tomago...
ALUMINIUM-Major market developments in December
Aluminium prices fell in December as demand worries weighed, and while a handful of production cutback announcements have since lent the market a steadier tone, lacklustre demand is seen likely to limit moves higher near term. In early January, Alcoa Inc announced it was cutting its global smelting...
Smelter cuts to flow onto dross plant
A Hunter Valley plant that recycles waste material from the Kurri Aluminium smelter will scale down its operations, in response to production cuts at the neighbouring plant. 150 jobs will go at the Hydro Aluminium smelter when one of the three potlines is shut down in a bid to rein in multi-million...
Trade of the Week: Output cuts boost aluminium
Overcapacity in the aluminium industry and the decline in the price of the metal since its peak in 2008 prompted two major producers to announce cuts in jobs and output last week, and the prospect of further cutbacks across the sector bodes well for commodity investors hunting for upside. Since...
600 smelter jobs at risk
The jobs of a further 600 aluminium smelter workers at Hydro’s Kurri Kurri aluminium smelter could be at risk, Hunter MP Joel Fitzgibbon has warned. Mr Fitzgibbon and his state Labor counterpart, Cessnock MP Clayton Barr, met with executives of the Norwegian-owned company on Thursday, a day after...
Aluminium: support but no bailout
Hunter MPs expressed support for soon-to-be unemployed workers and struggling aluminium manufacturers, but stopped short of pledging a bailout such as the taxpayer assistance offered to the car industry. Hunter MP Joel Fitzgibbon visited Norsk Hydro at Kurri Kurri yesterday. He said people had...
Hydro is considering to curtail production in Kurri Kurri, Australia
Norsk Hydro ASA is considering curtailing production at its Kurri Kurri aluminium plant in Australia. A consultation process has started with the local employees. "In response to the demanding situation, we are considering reducing aluminium production at Kurri Kurri. We will continue to stay in...
