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

Published: Jul 1, 2026 18:29

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[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.

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