Norsk Hydro sees weaker aluminium demand growth in 2019

Reuters reported that Norwegian metals maker Norsk Hydro expects global primary aluminium demand to grow by 2-3 percent in 2019, down from the 4 percent seen for 2018. Hydro expects a continued deficit in the global primary aluminium market in 2019 despite the slower economic growth expectations. Long-term, Hydro kept its view of global aluminium demand to grow by 2-3 percent per year over the next 10 years, with semis demand estimated at 3 percent and recycling at 3-4 percent per year over the same period.

The company still has no firm timeline for the restart of full output at its key Brazilian alumina plant, which has been operating at half capacity since February following a spill of untreated water.

Chief Executive Svein Richard Brandtzæg said “We are aiming to establish a common platform with authorities and the court system to have an aligned way forward towards full production, utilizing the best available technology.

Alunorte, the world’s largest alumina refinery, has a capacity of about 6.3 million tonnes of alumina per year.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.