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An update from Norsk Hydro Asa ( (GB:0Q11) ) is now available.
Hydro’s Qatalum joint venture in Qatar has halted further production curtailment after gas supplier QatarEnergy confirmed it will continue deliveries at reduced levels, allowing aluminium output to be maintained at about 60 percent of capacity. The plant, which has a nameplate capacity of 648,000 metric tonnes of primary aluminium and generated NOK 1.3 billion in adjusted net income on a 50 percent basis in 2025, had begun a controlled shutdown when a full suspension of gas supply was initially signaled.
The curtailment and partial operation have been executed in a safe and controlled manner, which Hydro says improves conditions for an eventual full restart, though no timing has been set. Shipping through the Strait of Hormuz remains disrupted after Iran’s Revolutionary Guard Corps announced its closure, and Hydro is working to mitigate the operational and logistical impacts while emphasizing that the safety of Qatalum employees is the top priority.
The most recent analyst rating on (GB:0Q11) stock is a Hold with a NOK95.00 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 bauxite mining, alumina refining, aluminium smelting and related power generation. Through its 50/50 joint venture Qatalum with Qatar Aluminum Manufacturing Company, Hydro operates a fully integrated aluminium plant in Qatar, with smelter, casthouse, carbon plant and a dedicated gas-fired power plant serving global industrial customers.
Average Trading Volume: 4,378,241
Current Market Cap: NOK182.3B
Find detailed analytics on 0Q11 stock on TipRanks’ Stock Analysis page.