10:02 am Norsk Hydro ASA Down 2.1% following Aluminum Market Update
Norsk Hydro ASA (NHYDY), an aluminum manufacturer, provided some color on the global aluminum markets at its Capital Markets day. World aluminum demand outside China is estimated to grow 3-4% in 2014, as well as in 2015. Aluminium demand increased over the last year, with broad-based aluminium demand growth across segments and regions, enhanced by substitution in many segments, including transport and electrical.
Due to optimization of capex, sustaining capex for 2014 is estimated to be NOK 3.3 billion, …More