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Norsk Hydro cuts production due to falling demand

Norsk Hydro, a Norwegian aluminum producer, has announced that it will reduce aluminum production at its two Norwegian plants, Karmoey and Husnes, due to falling demand caused by Europe's unusual economy and energy market.

Norsk Hydro cuts production due to falling demand

Including maintenance shutdowns that have yet to be restarted, the annual reduction in primary aluminum production reached 110,000-130,000 tons.

Hydro stated that the production cut will not affect the lineup. The underlying market trends are expected to remain positive in the long run, as Europe's green transition will support increased aluminum demand.

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