Norsk Hydro's earnings will decline in tandem with aluminum prices through 2021.
With aluminum and alumina prices having moved materially above our prior forecasts, we've raised our near-term estimates for 2017 and 2018. We now forecast aluminum spot prices of $1,700 and $1,500 per metric ton in 2017 and 2018, respectively, in real terms. Our alumina spot price forecasts for 2017 and 2018 are now $330 and $300 per metric ton, respectively. Our long-term forecasts of $1,440 and $270 per metric ton (real) for aluminum and alumina, respectively, are unchanged.Our below-consens...
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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