Norsk Hydro

Norsk Hydro's shares fell about 3% in Oslo after a preliminary US‑Canada trade agreement could cut US tariffs on Canadian primary aluminium from 50% to around 25%, weighing on the Midwest premium, which was last at $2,371/tonne. RBC estimates that a premium decline of $300/tonne would reduce Hydro's EBITDA by roughly NOK 240m through lower recycling margins; there would also be a one‑off inventory write‑down of about NOK 150m, totalling around NOK 400m (~1% of consensus EBITDA 2026). Direct effects on Hydro are limited because primary exports to the US are small, but a lower premium could dampen demand in US end markets for extrusion products while making a volume recovery through 2027 easier. » Más en de.investing.com

Norsk Hydro has cut production at the Alunorte alumina refinery in Brazil to 50% after the gas supplier reported disruptions. The move heightened supply concerns, pushed aluminium prices higher and triggered share gains in Chinese and Japanese aluminium stocks. LME inventories have fallen to their lowest level since November 1990, and Norsk Hydro warned that a sustained trade stoppage through the Strait of Hormuz could significantly widen the global supply deficit. » Más en de.investing.com

Norsk Hydro beat expectations in the second quarter: adjusted EBITDA rose to NOK 8.9 billion, revenue to NOK 56.5 billion and adjusted EPS to NOK 2.21 versus consensus NOK 1.60. The main driver was the aluminium‑metal segment, whose adjusted EBITDA climbed to NOK 6,421 million, supported by a 14% rise in all‑in metal prices. Recycling also helped improve results, free cash flow was NOK 4 billion; a disruption in the Qatalum joint venture only dampened volumes. » Más en de.investing.com