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The latest announcement is out from Norsk Hydro Asa ( (GB:0Q11) ).
Norsk Hydro warned that aluminium output at its Qatalum joint venture in Qatar may be affected after QatarEnergy abruptly halted liquefied natural gas production and later stopped certain downstream products, including aluminium. The company said the specific implications for Qatalum’s operations remain unclear and it is seeking further information from its gas supplier.
Qatalum, which is jointly owned by Hydro and Qatar Aluminum Manufacturing Company and has a nameplate primary aluminium capacity of 648,000 tonnes, generated NOK 1.3 billion in adjusted net income on a 50 percent basis in 2025. Any prolonged disruption to gas supply could impact production at this fully integrated smelter complex, with potential financial and supply consequences for Hydro and its aluminium customers.
The most recent analyst rating on (GB:0Q11) stock is a Hold with a NOK80.00 price target. To see the full list of analyst forecasts on Norsk Hydro Asa stock, see the GB:0Q11 Stock Forecast page.
More about Norsk Hydro Asa
Norsk Hydro ASA is a global aluminium and energy company with operations spanning the entire value chain from bauxite and alumina to primary aluminium and fabricated products. Through its 50/50 joint venture Qatalum with Qatar Aluminum Manufacturing Company, Hydro operates an integrated smelter complex in Qatar with significant primary aluminium and casthouse capacity, backed by a dedicated gas-fired power plant and contributing materially to Hydro’s earnings.
Average Trading Volume: 4,196,373
Current Market Cap: NOK177B
Find detailed analytics on 0Q11 stock on TipRanks’ Stock Analysis page.