OB:NHYMetals and Mining
Norsk Hydro Plant Closures And Hydropower Spend Shape Valuation Debate
Norsk Hydro (OB:NHY) plans to restructure its European extrusion business, including proposed closures of five plants.
The move is presented as an adaptation to challenging market conditions in the region.
Hydro is committing significant capital to hydropower projects and new long-term power sourcing agreements.
These energy investments are intended to support its low carbon aluminum focus and secure power supply.
Norsk Hydro, listed as OB:NHY, is a vertically integrated aluminum company...