Norsk Hydro: Well Positioned In Declining Markets, Low-Carbon Aluminium Gaining Ground menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Robust results despite volatile markets and weaker demand Balanced aluminium markets and falling raw material prices supporting margins
. | May 9, 2023
Norsk Hydro: Robust results, executing on strategy – Padovanews padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
Hydro's adjusted EBITDA for the first quarter of 2023 was NOK 7,525 million, down from NOK 11,165 million for the same quarter last year. This resulted in an adjusted RoaCE of 18 percent over the last
Glencore will acquire 30% of Hydro’s Brazilian alumina refinery Hydro Alunorte and Hydro’s 5% ownership in the Brazilian bauxite producer Mineracão Rio do Norte (MRN). MRN is Brazil’s largest bauxite producer. Glencore will also acquire an additional 40% stake in MRN, which is currently owned by Vale. This 40% interest.