The Brazilian court has withdrawn the production ban – which had been in effect for more than a year – on Alunorte. As a result, the issue of below-par production and the all-important integration benefits should be addressed/restored soon. Even though the aluminium pricing environment is expected to turn lacklustre – due to the brewing (macro) challenges, Norsk Hydro remains our top sector bet by virtue of its inherent operational advantages.
21 May 2019
Alunorte’s embargo has finally been lifted
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Alunorte’s embargo has finally been lifted
The Brazilian court has withdrawn the production ban – which had been in effect for more than a year – on Alunorte. As a result, the issue of below-par production and the all-important integration benefits should be addressed/restored soon. Even though the aluminium pricing environment is expected to turn lacklustre – due to the brewing (macro) challenges, Norsk Hydro remains our top sector bet by virtue of its inherent operational advantages.