Considering the ongoing Covid-19 situation and the resulting market uncertainty,
Hydro presents an operational update for its business areas for April and May,
ahead of the complete second-quarter financial results on July
22, 2020.
Bauxite and Alumina
Volumes in April and May have increased compared to the same period in 2019, as
a result of the increased production at the Paragominas bauxite mine and the
Alunorte alumina refinery in Brazil, following the lifting of the production
embargo.
Primary Metal
Volumes in April and May have slightly increased compared to the same period in
2019, reflecting increased production at the Albras smelter in Brazil, which was
partially curtailed during 2019, partly offset by decreased production at the
curtailed Slovalco smelter in Slovakia.
Metal Markets
Volumes in April and May for the Recycling business unit in Metal Markets have
decreased compared to the same period in 2019, reflecting the weaker market
demand in light of Covid-19.
Rolled Products
Volumes in April and May have decreased compared to the same period in 2019,
reflecting the weaker market demand in light of Covid-19.
Extruded Solutions
Volumes in April and May have decreased compared to the same period in 2019,
reflecting the weaker market demand in light of Covid-19.
Energy
Volumes in April and May have slightly decreased compared to the same period in
2019.
Volume update:
+----------------+-------------------------+------------+------------+---------+
|Volumes reported|Business area |QTD(1) Q2'19|QTD(1) Q2'20|? '19-'20|
+----------------+-------------------------+------------+------------+---------+
|Production |Bauxite & Alumina | | | |
| |(Bauxite) (kmt) | 910 | 1 761 | +94 % |
| +-------------------------+------------+------------+---------+
| |Bauxite & Alumina | | | |
| |(Alumina) (kmt) | 543 | 989 | +82 % |
| +-------------------------+------------+------------+---------+
| |Primary Metal (kmt) | 326 | 341 | +5 % |
| +-------------------------+------------+------------+---------+
| |Metal Markets (Remelters)| | | |
| |(kmt) | 92 | 55 | -40 % |
| +-------------------------+------------+------------+---------+
| |Energy (GWh) | 1 434 | 1 342 | -6 % |
+----------------+-------------------------+------------+------------+---------+
|Sales |Rolled Products (kmt) | 166 | 131 | -21 % |
| +-------------------------+------------+------------+---------+
| |Extruded Solutions (kmt) | 237 | 138 | -42 % |
+----------------+-------------------------+------------+------------+---------+
1. QTD indicates recorded volumes for April and May.
?Investor contacts:
Line Haugetraa
+47 41406376
Line.Haugetraa@hydro.com
Stian Hasle
+47 97736022
Stian.Hasle@hydro.com (mailto:Stian.Hasle@hydro.com)
Media contact:
Halvor Molland
+47 92979797
Halvor.Molland@hydro.com