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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Rival Sours Rio’s Aluminum Sale Hopes
Rio Tinto’s hopes of selling its aluminum assets, possibly via an initial public offering or to a trade buyer, have taken a knock after a rival cast a spotlight on the headwinds facing the sector. Burdened by a strong Australian dollar and a soft macroeconomic environment, Norsk Hydro said...
250 jobs to go as smelters downsize in Hunter
Two aluminium smelters in the Hunter Valley are set to axe 250 jobs. Norwegian aluminium giant Norsk Hydro is blaming the high Australian dollar for plans to cut production at its Kurri Kurri smelter, with the loss of about 150 jobs. The company says the strength of Australia's currency relative to...
Hydro Consider Reducing Aluminium Production in 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...
Norsk says may cut Australia aluminium output
Norwegian metals group Norsk Hydro is considering cutting production at its Kurri Kurri aluminium plant in Australia because of depressed metal prices, the company said. A consultation period with employees and union representatives at the 180,000-tonnes-per-year facility north of Sydney was...
Norsk Hydro may reduce aluminum output
Norwegian aluminum producer Norsk Hydro sees economic uncertainty denting demand and is prepared to lower production if prices for the metal stagnate, its chief executive said on Thursday. "It is too early to say how 2012 will turn out, but we see now that the uncertainty is influencing our end...
Risk Alert For Alcoa, Hydro, Century Aluminum
Wall Street analysts are currently showing no love for three major aluminum miners. Given macro headwinds, cost pressures, and high volatility, the consensus is that the vulnerable fundamentals of Alcoa (AA), Norsk Hydro (NHYDY.PK) and Century Aluminum (CENX) all warrant a "hold" rating. I agree...
TMS to Install Hydro Aluminum’s Wolfgang Schneider as 2012 President
The Minerals, Metals & Materials Society (TMS) will install aluminum researcher, industrialist, and professor Wolfgang Schneider as the 56th president during the TMS 2012 Annual Meeting & Exhibition in Orlando, Florida March 11-15, 2012. He is currently serving as vice president of TMS and has been...
Recycling center to be built at Alunorf
Novelis Inc. has commissioned a recycling center expansion at Aluminium Norf GmbH in Neuss. Hannelore Kraft, Prime Minister of North Rhine, officially opened the new facility at a ceremony attended by company representatives, customers and local officials. The event marked the commissioning of the...
Delegation from Hydro Aluminium Visit Huadong Aluminium
A delegation from Norway Hydro Aluminium visited Huadong Aluminium recently. The two sides introduced basic information of each company and exchanged opinion on technical indicators of cathode electrolytic cell. The delegation visited Huadong Aluminium’s electrolytic aluminium plant and highly...
Kurri Kurri smelter may cut production
The Kurri Kurri smelter may cut production as workers refuse to delay a pay rise for a year. It comes as the smelter, run by Hyrdo, is set to slash around 50 jobs, around 10% of its work force. Union reps will meet with Hydro CEO Alberto Fabrini as the company struggles against falling aluminium...
Barr seeks guarantee for Hydro
Member for Cessnock, Clayton Barr, is calling on the O'Farrell Government to provide a guaranteed supply of electricity to Hydro Aluminium smelter at Kurri. The call follows the announcement by the O'Farrell Government that it will privatise all NSW electricity generators – putting any agreement...
Global aluminum demand to slow in 2012, says top producer
Norsk Hydro, one of the world’s top aluminum producers, sees growth in global aluminum demand weakening in 2012 as a result of economic turbulence that is creating a weak market and pushing many industry players into the red, reports Mineweb. The Norwegian miner’s stocks dropped 2.9 percent after...
Hydro: Demand to remain strong
Norsk Hydro expects aluminium demand to remain strong, despite the current economic gloom. Its CEO Svein Richard Brandtzæg told a capital markets day that aluminium fundamentals remain promising due to the metal’s many positive qualities, including its light weight and recyclability. He said world...
UPDATE -Norsk Hydro sees demand growth slowing in 2012
Norsk Hydro ASA sees growth in global aluminium demand slowing next year as a result of economic turbulence that is creating a weak market and pushing many industry players into the red. Hydro, one of the world's top aluminium producers, said it saw demand for primary aluminium outside China rising...
Norsk Hydro : Highlighting the metal of the future at Qatar Aluminium Symposium
"Producing aluminium is technologically advanced. We therefore need good cooperation from universities like the Qatar University to educate the engineers of tomorrow producing the metal of the future, said Odd Ivar Biller, senior vice president in Hydro and Qatalum board member, at the Qatar...
Aluminium firm vows more output
Key experts and top managers from Qatar University’s Material Technology Unit, the Norwegian University of Science and Technology, Qatalum and Hydro, gathered at a symposium to discuss the properties, usage area and production processes of aluminium – an element being described as the metal for the...
Hydro to Promote End of Life Recycling Rate for Aluminium Recycling
Roland Scharf-Bergmann, head of Hydro's Recycling unit, cautioned in a lecture at a Metal Bulletin meeting in Istanbul, Turkey, that a producer supporting recycled content over 90% is 'greenwashing' its metal. Anxiety to global warming in recent years has led policymakers and consumers to request...
Hydro puts off restart of idled Sunndal capacity
Norwegian aluminium producer Norsk Hydro said on Wednesday it would not restart currently idled capacity at its Sunndal primary aluminium smelter in Norway until market conditions pick up. The company's Sunndal 3 production line was idled in early 2009 in response to weak demand. "We announced in...
