# Norsk Hydro keeps some aluminium capacity offline due to weaker demand
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-09-06
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Norsk Hydro keeps Norwegian production offline after drop in
Meta Description: Norsk Hydro is limiting output by a few tens of thousands of tonnes due to decreased demand for aluminium, with a small portion of its capacity in Norway
URL: https://financedigest.com/norsk-hydro-keeps-some-aluminium-capacity-offline-due-to-weaker-demandhtml

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2022-09-06t054451z1lynxmpei8506zrtroptp4norsk-hydro-results-1736815282525-compressed.jpg)

OSLO (Reuters) – Norwegian aluminium maker Norsk Hydro is keeping a small portion of its capacity in Norway offline after maintenance due to a drop in demand for the metal, a company spokesperson said on Tuesday.

Hydro has decided not to restart smelting pots at its Karmoey and Husnes plants, effectively curbing output by “a few tens of thousands of tonnes” out of the 1.1 million tonnes the company produces in Norway every year.

“The main reason is lower demand for aluminium,” Hydro spokesperson Halvor Molland said.

“We’re not actively shutting down but we’re holding off on restarts after maintenance … this is within what we would call normal variations,” he said.

The soaring cost of electricity also had some impact on the decision, but was not the key [reason as most of Hydro’s power needs](https://www.financedigest.com/5-reasons-why-e-commerce-sites-need-a-token-gateway.html "5 reasons why e-commerce sites need a token gateway") are covered from its own production as well as long-term contracts.

Norwegian newspaper Haugesunds Avis first reported the news on Tuesday.

(Reporting by Terje Solsvik, editing by Essi Lehto)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---