【SMM Aluminum Flash News】Hydro Reports Q1 2026 EBITDA of NOK 8.668B, Down from Last Year but Profitability Strong

The Rio Tinto-owned Tiwai Point aluminum smelter in New Zealand faces strike risk, with 186 workers, about 28% of the workforce, planning stoppages on May 4, 6, 8 and 10. The action follows around 2.5 years of unresolved labor negotiations over pay, benefits and working conditions. The company has proposed mediation on May 20 to reach an agreement. While management said current terms remain competitive and negotiations are ongoing, the planned industrial action could disrupt production schedules and operational stability at the smelter. If talks fail to make progress, the risk of prolonged disruptions may increase, creating uncertainty for near-term aluminum supply and adding pressure to an already tight global market environment.

Nexans has acquired 100% of US-based aluminium and copper wire producer Republic Wire, with an enterprise value of about USD 734 million and an earn-out of up to USD 46 million. Republic Wire generates around USD 5.6 billion in revenue and operates a highly automated manufacturing and distribution platform, with capacity expected to increase by about 30% after expansion. Nexans said the deal aims to expand its presence in the US low- and medium-voltage cable market and strengthen its distribution network. The transaction is expected to close in Q3 2026 and generate about USD 250 million in synergies over three years, supporting long-term growth in North America.

Hesheng Co., Ltd. disclosed its 2025 annual report on April 29. In 2025, the company achieved total operating revenue of 4.011 billion yuan, a year-on-year increase of 20.34%; net profit attributable to the parent company was 155 million yuan, a year-on-year increase of 92.47%.