This morning in metals news, the Aluminum Association called for the removal of aluminum tariffs on Canada and Mexico, Norsk Hydro offered another update on its operations one week after it was hit by a cyber attack, and Vale SA’s 4Q 2018 iron ore output increased 8.2%. Aluminum Groups: Remove Aluminum Tariff Before Passage of […]
Tag: Norsk Hydro
This Morning in Metals: Antofagasta Forecasts Copper Deficit of 100K-300K Tons
This morning in metals news, Chilean miner Antofagasta expects a copper deficit this year, Polish lawmakers have proposed slashing the country’s mining tax and hackers have targeted Norwegian aluminum maker Norsk Hydro. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Deficit Chilean miner Antofagasta forecasts a 2019 copper deficit […]
Norsk Hydro Appoints New CEO as Firm Aims to Restore Alunorte Capacity
Norwegian aluminum maker Norsk Hydro ASA has a new CEO for the first time in a decade. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook The firm announced Monday that CEO Svein Richard Brandtzæg will be stepping down after 10 years. Hilde Merete Aasheim, executive vice president and head of Norsk Hydro’s primary metal business […]
This Morning in Metals: U.S. Trade Deficit with China Reaches Record High in 2018
This morning in metals news, the U.S.’s trade deficit with China reached an all-time high in 2018, one analyst says there’s a 35% chance U.S.-China trade talks will break down and aluminum maker Norsk Hydro’s technology pilot is up for a Green Award in the category of Innovation of the Year. Buying Aluminum in 2019? […]
This Morning in Metals: Norsk Hydro Says Aluminum Demand to Rise 2-3% in 2019
This morning in metals news, Norsk Hydro sees global aluminum demand picking up 2-3% next year, the Office of the United States Trade Representative (USTR) released a statement on China’s automotive tariffs and Steel Dynamics shares bounced back from a 14-month low. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
Alunorte Alumina Refinery’s Prospects Are Improving
Brazil’s Institute of Environment and Renewable Natural Resources, known as IBAMA, has lifted the embargo on Norsk Hydro’s Alunorte alumina refinery, several headlines are saying, encouraging many to think full production of alumina will start flowing from Hydro’s massive plant in the near future. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook But while it […]
This Morning in Metals: London Copper Prices Hit Two-Week Low
This morning in metals news, the LME copper price fell Thursday, miner Antofagasta downgraded its 2018 copper production guidance and Norsk Hydro says the global aluminum market is moving toward a deficit. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Price Slides The LME copper price dropped to a two-week low […]
This Morning in Metals: LME Aluminum Hits One-Week Low
This morning in metals news, the LME aluminum price has tracked back down after spiking last Wednesday, U.S. steel import permit applications fell in September and a Chilean state-owned miner is in talks to sell copper to China’s Minmetals. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME Aluminum Hits […]
This Morning in Metals: Norsk Hydro Plans Alunorte Restart
This morning in metals news, Norsk Hydro plans to restart its Alunorte alumina refinery, Shanghai steel rebar prices fell and Turkey plans to impose steel import quotas. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Aluminum Prices Back Down After surging last week on news of Norsk Hydro’s shutdown of […]
Norsk Hydro Backs Out of Deal to Buy Rio’s Icelandic Smelter
The aluminum market is facing much more uncertainty now than it was in February 2018 when Norsk Hydro agreed with Rio Tinto to buy the 205,000-ton-per-year capacity ISAL aluminum smelter, located in Hafnarfjörður, Iceland. According to the Financial Times, that deal included the balance 53.3% share in the Aluchemie anode plant in the Netherlands that Hydro […]
