Hydro's impairment loss in the fourth quarter of 2023 is estimated at approximately 5.9 billion Norwegian kroner. According to foreign media reports, Norsk Hydro ASA stated that challenging market conditions for alumina, coupled with unstable electricity prices in Australia, are the main reasons for this impairment loss. In the bauxite and alumina segment, Hydro calculated an impairment loss of approximately 3.8 billion Norwegian kroner during the aforementioned period. The Alunort alumina refinery, Paragominas bauxite mine, and related activities incurred impairment losses in this quarter.
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