Articles Tagged "hydro"

Norsk Hydro scraped Asia Aluminum Bid

Norsk Hydro, Europe’s third- leading aluminum maker, scrapped a plan to bid for Asia Aluminum Holdings Ltd., the failed Chinese metals company, its liquidator said. For full story, click here

Norsk Hydro has bid for $300 mln for Asia Aluminum Assets

Norsk Hydro ASA, an aluminum product producer based in Norway, has offered $300 million to purchase the assets of bankrupted Asia Aluminum Holdings Ltd., outbidding Golden Concord Pacific’s offer of $298 million, a source close to Asia Aluminum told Interfax on June 23. For full story, click here

Aluminum’s low price forces smelters to operate at a loss

At aluminum’s current price around 90% of the world’s smelting capacity is operating at a loss, and this is forcing producers to revise production programs to cope with aluminum’s current price point.

Hydro Aluminum Unit Announces Energy Surcharge Option

Hydro’s Extrusion Americas unit has reported an energy surcharge option, effective with all orders placed after September 1, 2008. Lynn Brown, senior vice president Extrusion Americas sales & marketing, said: Although we have seen some easing in energy costs over the past few weeks, energy costs remain at unprecedented levels. For full story, click here