Norsk Hydro: Solid upstream results, mixed markets

On July 9, a contractor passed away while performing maintenance work at Hydro's joint venture Albras in Brazil. Hydro's adjusted EBITDA for the second quarter of 2024 was NOK 5,839 million, positively influenced by increasing revenue drivers in the quarter. The second quarter adjusted EBITDA was down from NOK 7,098 million for the same quarter last year, negatively impacted by lower Extrusions volumes, recycling margins and Energy spot sales, and higher fixed costs. This was partly offset by higher alumina ...