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OSLO (Reuters) – Norwegian aluminum producer Norsk Hydro said the timing of the resumption of production of the Alunorte bauxite refinery in Brazil remains uncertain, with the possibility that this could be produce between October of this year and mid-2019.
Brazilian authorities ordered Hydro in February to reduce production at Alunorte, the world's largest refinery for alumina. The move caused cuts in Albras' aluminum plant and a dispute over supplies for customers.
Alunorte, which has a production capacity of about 6.3 million tons of alumina per year, is operating at half capacity, after admitting to having untreated untreated dumps. 39; untreated water in rivers and forests "The process to resolve the situation in Brazil is difficult and has taken longer than expected," said Svein CEO Richard Brandtzaeg. "The time to resume full production remains uncertain."
Hydro said that he tested different scenarios for when he could restart full production at Alunorte, saying that this could happen early October 2018 or mid-2019 to
In addition to the challenges faced by Hydro, the company said that it was affected by international sanctions against the main Russian producer of aluminum Rusal, with which it negotiates and, to a lesser extent, US import tariffs [19659002] "We see the global primary aluminum market in a larger deficit in 2018," said Hydro, adding that "in the first quarter of this year, first quarter" the market was heading towards a deficit. "
Copyright Thomson Reuters 2018
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