Norsk Hydro (OSL:NHY) will revive the Slovalco aluminium smelter with Slovakia and the state utility, restarting 75,000 t/y from Q4 2026 backed by a 10‑year power deal, €100M capex and EU ETS aid, while rising HVAC tubing sales position Hydro to gain share as aluminium displaces copper.
Previous Week Recap
- Slovakia Restart 75,000 T/Y Smelting: Norsk Hydro’s Slovalco JV agreed with Slovakia and state utility to restart 75,000 t/y aluminium smelting from Q4 2026, backed by a 10‑year power deal, €100M capex, and EU ETS aid.
- Aluminium HVAC Tubing Growth: Norsk Hydro (NHY) says sales of its aluminium HVAC tubing rose, positioning the company to gain share as aluminium replaces copper in heating and air-conditioning markets.
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