Hydro's Alunorte ops rise to 83% capacity; Q3 earnings down on depressed prices

Alunorte alumina refinery’s utilization rate reached 83% of its capacity in the third quarter following the end to federal court-imposed embargoes, owner Norsk Hydro said on Wednesday October 23.

Brazil’s federal court in Belem removed its final embargo on Alunorte’s new bauxite residue disposal area (DRS2) on September 26 after a 19-month restriction, allowing Alunorte to resume installation and commissioning at DRS2.
Alunorte has an annual production capacity of 6.3 million tonnes.

“A milestone was reached in September, when the final embargoes on Alunorte were lifted, allowing us to resume installation and commissioning activities at the new and modern bauxite residue deposit area, DRS2,”...

Published

Alice Mason

October 23, 2019

10:18 GMT

London