|Bid||52.90 x 1100|
|Ask||53.05 x 410000|
|Day's Range||51.55 - 53.10|
|52 Week Range||27.92 - 152.75|
|PE Ratio (TTM)||18.51|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Q2 2017 Norsk Hydro ASA Earnings Presentation
Producers of "green" aluminium - made using renewable energy rather than fossil fuels - are starting to charge premium prices thanks to rising demand from industrial customers under pressure to reduce their carbon footprints. Operators of smelters powered by hydro-electricity in the likes of Norway, Russia and Canada are promoting their environmental credentials - and stealing a march on others that rely on coal or gas, notably in China and the Gulf. The competitive edge lies not in the metal itself, but the fact that its production requires far lower total emissions of greenhouse gases including carbon dioxide.
Strong data from China kept world shares near a record high on Monday, sent copper to a 4-1/2 month peak while emerging market stocks have achieved a near a five percent gain over the last five days. Figures from Beijing showed China's economy grew at a faster-than-forecast 6.9 percent year-on-year in the second quarter thanks to a pick-up in industrial output and domestic consumption and as investment remained strong.