Slovalco to Partially Restart Aluminium Production in 2026 After 4-Year Shutdown

Published: Jul 1, 2026 18:29

Save

[SMM Aluminum Express News] Norsk Hydro said its majority-owned Slovak joint venture, Slovalco, has secured an agreement with the Slovak government to partially restart primary aluminium production in Q4 2026 following a four-year shutdown.

The restart will initially bring back 75,000 tpy of smelting capacity, supported by a new long-term power supply agreement and compensation for indirect carbon costs under the EU Emissions Trading System. Slovalco plans to invest €100 million to resume operations, while the restart of the remaining 100,000 tpy of capacity will depend on market conditions and additional power contracts beyond 2030.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

VBX Secures A$10M Prepayment Deal with thyssenkrupp for Australian Bauxite Project Development

[SMM Aluminum Express News] VBX Limited has secured an indicative term sheet with thyssenkrupp Materials Trading Asia for a A$10 million prepayment and offtake facility to support development of its Wuudagu Bauxite Project in Western Australia. The proposed financing provides upfront funding in exchange for future bauxite supply, although the indicative term sheet is non-binding and may be terminated by either party if definitive agreements are not executed by 31 July 2026.

2 hours ago

3 hours ago

SHFE Cast Aluminum Alloy Warrants Drop by 1,863 mt on July 1, Total at 29,603 mt

[SMM Flash News] SHFE data showed that on July 1, total registered warrants for cast aluminum alloy stood at 29,603 mt, down 1,863 mt from the previous trading day. By region, the registered volumes were: Shanghai 3,171 mt (down 89 mt), Guangdong 4,680 mt (down 121 mt), Jiangsu 5,729 mt (down 542 mt), Zhejiang 9,046 mt (down 662 mt), Chongqing 4,628 mt (down 90 mt), and Sichuan 815 mt (down 30 mt).

3 hours ago

Hydropower Prices Fall Further in Flood Season, Cutting Primary Aluminum Costs

3 hours ago