INTERVIEW: Trade tensions hinder investors, growth, Norsk Hydro CEO says

The uncertainty created by trade tensions, including the potential for US tariffs on the automotive sector, is deterring investment decisions in the industry and leading to reduced forecasts for growth, according to Norsk Hydro's chief executive officer.

One of the key reasons why the Norwegian aluminium producer lowered its demand growth expectations for the metal in 2019 was the insecurity caused by trade issues, particularly related to Europe, Hilde Merete Aasheim told Fastmarkets “We are in a global business, in all our business areas. We’d have liked to see free trade but, when regional tariffs are imposed, it causes insecurity and results in investors holding back on investments as they wait to see what is going to...

Published

Andrea Hotter

July 29, 2019

18:04 GMT

New York