[SMM Aluminum Flash News] Norsk Hydro Continues Expanding Low-Carbon and Recycled Aluminum Business
Norsk Hydro remains in focus after recent quarterly results highlighted its continued push into low-carbon and recycled aluminum. As one of the few fully integrated aluminum producers covering bauxite, alumina, primary aluminum, extrusion and recycling, Hydro is leveraging Norway’s hydropower resources to strengthen its low-carbon aluminum position. The company said recycled and low-emission aluminum products could become a major long-term earnings driver, while scrap collection and remelting operations continue expanding in Europe and the US. However, the aluminum industry still faces pressure from weak construction demand, oversupply concerns and volatile energy prices. Hydro believes renewable energy access, recycling and downstream processing will remain key competitive advantages.