Norsk Hydro Temporarily Shuts Down Alunorte Alumina Production; Our Long-Term Outlook Is Unchanged
On Oct. 3, Norsk Hydro announced plans to fully curtail the Alunorte alumina production facility in Brazil. Alunorte, which is the world's largest alumina refinery, had been running at 50% of capacity since March 2018 due to an environmental dispute with the Brazilian government. Additionally, Hydro will shut down the nearby Paragominas bauxite mine, which supplied bauxite to Alunorte. Although management did not provide a timeline for when production may resume, we expect the situation to be fu...Norsk Hydro is an aluminium group based in Norway. Co. is engaged in the supply of aluminium and aluminium products. Co. supplies casthouse products, such as extrusion ingots, sheet ingots and foundry alloys. Co's customers are active in sectors such as the packaging, lithographic, building, automotive and transport sectors. In addition, Co. is engaged in the production of power in Norway. Its business is divided into six operating segments: Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, and Energy and Other and Eliminations.
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