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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Rusal's $800k lawsuit against RusHydro to be heard on November 24
An appellate court postponed until November 24 the hearing of an $801,200 lawsuit filed by the Rusal Sayanogorsk Aluminium Smelter against RusHydro for losses incurred after an accident at the Sayano-Shushenskaya Hydropower Plant, the Russian Legal Information Agency (RAPSI) reported from the court...
Quebec power deal for Alouette smelter
Quebec’s government is authorizing its provincially owned electric utility to provide Rio Tinto PLC’s Alouette aluminum smelter with a 500-megawatt block of power, a key step for a $2-billion modernization of the facility. The agreement was announced Monday by Quebec Premier Jean Charest at...
Hydro Warns of Softer Demand as Profit Lags Forecasts
Norway's Norsk Hydro warned uncertain macro conditions could soften demand for aluminum as it posted a smaller-than-expected rise in third-quarter earnings on Thursday. The firm stuck to its view that global demand for aluminum would rise by 7 percent in 2011, but said markets had weakened and that...
Destocking hits Hydro’s rolled products unit
Norsk Hydro ASA is feeling the negative effects of destocking in its rolled products division, which posted a nearly 50-percent drop in volume in the third quarter over the previous three months. "Volume is down...on seasonality, but also (due to) what we call destocking in this segment,...
Improved production performance, higher raw material costs
Hydro had underlying earnings before financial items and tax (EBIT) of NOK 1,646 million in the third quarter, down from NOK 1,906 million in the second quarter.The quarter was marked by higher production performance in Bauxite & Alumina,while seasonal declines and higher raw material costs had a...
Norsk Hydro : Revamp of Holmestrand aluminium rolling mill
By thoroughly modernizing the electrical features, automation and process control of the hot mill at Holmestrand, Hydro is further developing the facility further and securing a high long-term performance. The Holmestrand plant, employing a workforce of more than 300, is one of Hydro's two...
Global aluminium experts to speak on sustainable growth
The chief executives of two of the five largest aluminium businesses in the world — Jacynthe Côté from Rio Tinto Alcan and Svein Richard Brandtzaeg of Hydro Aluminium — will be keynote speakers at this year’s International Aluminium (Arabal) conference, being hosted by the world’s most modern...
Hydro turns its attention to fabrication
Norsk Hydro ASA plans to significantly expand the fabrication division within its extrusion group with an eye toward developing downstream business. Matthew Dionne, North American extrusion sector president, is spearheading the company’s fabrication efforts, a Hydro spokesman told AMM. "Hydro is...
Norsk Hydro : Hydro bringing more aluminium to the Americas
Products from Qatalum, the largest aluminium plant ever built in one phase, makes it possible to serve new customers in South America, as well as offering primary foundry alloys to a growing number of U.S. customers. “We are now positioning Hydro for further growth in North and South America,” says...
Hydro breaks ground on Chinese extrusion plants
Norsk Hydro broke ground on two new extrusion plants Sept. 16 in China’s Suzhou region, and expects both presses to come online by the summer of 2012. One of the presses will be dedicated to precision tubing, while the other will be a general extrusion press, a Hydro spokesman told AMM. Hydro...
Magnode to halt casting, source Hydro billet
Magnode Corp. will shut its on-site casthouse by year’s end and begin sourcing billet for its extrusion presses from Hydro Aluminum North America Inc. instead, sources familiar with the operation told AMM. Executives at Magnode did not return calls for comment, but one source familiar with the deal...
Norsk Hydro sells stake in alumina refinery
Norwegian aluminium producer Norsk Hydro would sell its 35% stake in a Jamaican alumina refinery partnership Alpart to Russian peer UC Rusal for NOK 250 million. Hydro said UC Rusal, the world top aluminium producer will own all the shares in Alpart when the transaction is completed in October....
Rio Tinto closer to Malaysia power price deal to push aluminium smelter project
AFTER protracted delays, mining giant Rio Tinto and its Malaysian partner are inching towards an agreement on the price they will pay for electricity to power their $US2 billion ($1.9bn) aluminium smelter in East Malaysia. According to sources, negotiations have been held up because the Malaysian...
Hydro expanding in China
Norwegian aluminum producer Hydro is breaking ground for a new extrusion press in Suzhou to help satisfy the growing local demand of high-value extruded aluminium products and solutions. Hydro expects to have around 600 employees in Suzhou when the new presses are brought into full production,...
Norsk Hydro: Alumina Index Accepted More Quickly Than Expected
Acceptance of the new index-based method for pricing alumina has been speedier than anticipated, a senior executive at Norsk Hydro ASA (NHY.OS) said Wednesday. Simon Storesund told Dow Jones Newswires in an interview that the company, which has between 3 million and 4 million metric tons of alumina...
Hydro breaks ground on Chinese extrusion site
Hydro is breaking ground in Suzhou, China to help satisfy domestic demand of high-value extruded aluminium products and solutions. Its expansion is proceeding as expected, and a pinch of Chinese luck is part of the plan. Hydro expects to have around 600 employees in Suzhou when the new presses are...
Hydro Celebrate 25 Years in the Aluminium Business
A very successful merger. This is how most people would characterize the new company - Hydro Aluminium - born in Norway 25 years ago, on September 1, after the merger with ÅSV. It was the day that brought to life a Norwegian aluminium giant with a strong base in the European market. Hydro's...
Nalco keen to set up three hydro power projects in state
As part of its plan to diversify into the energy business, National Aluminium Company (Nalco) has proposed to set up three hydro power projects with a combined capacity of 645 MW in locations identified by the state water resources department. Nalco wishes to execute these hydel projects either...
