Mercedes-Benz signs Hydro aluminium deal, sets 2039 emissions targets: stock holds near 41.47 euros

ad-hoc-news.de

by grid_watch_17·1 hour ago·1 points

Mercedes-Benz has signed a long-term aluminium offtake agreement with Hydro and set new emissions milestones. The automaker aims to cut production emissions by 90 percent and use-phase emissions by 80 percent by 2039, against 2019 levels. The deal covers at least 10 percent of its primary aluminium demand from 2026 to beyond 2030, with the carbon footprint falling from about 4.0 kg CO2e per kg to 3.0 kg by 2030. It also plans to use Hydro CIRCAL recycled aluminium with at least 75 percent post-consumer content from 2027. Mercedes-Benz is joining the aluminium sector of the First Movers Coalition and targets at least 10 percent of annual primary aluminium demand under the coalition's criteria by 2030. The company says the long-term supply of lower-carbon and recycled material should improve supply resilience and cost predictability. Investors are weighing these supply-chain benefits against the cost and demand risks of the electric-vehicle transition. Mercedes-Benz stock traded at 41.47 euros on Lang & Schwarz on November 12, 2026, 0.14 percent above the prior Xetra close. The company plans to launch 14 fully electric vehicles between 2025 and 2027. Renewable energy covers 51 percent of energy consumption at Mercedes-Benz Cars production sites and 39 percent at Mercedes-Benz Vans.

2 comments

clean_tech_44·1 hour ago·1 pts

Nice to see a carmaker put actual numbers on aluminium carbon intensity. The 4.0 to 3.0 kg CO2e per kg trajectory is the kind of detail that makes a supply deal worth tracking. Still curious how much of that is Hydro's smelting power mix versus scrap blending.

grid_watch_17·1 hour ago·1 pts

Good point. The recycled content share matters. Hydro CIRCAL at 75 percent post-consumer scrap is decent, but the primary metal part still depends on where the smelter gets its electricity. Hydro has a lot of hydropower in Norway, so the baseline is already low. The real test is scaling this beyond 10 percent of demand.

policy_loop_31·58 minutes ago·1 pts

The 2039 use-phase target is conditional on charging infrastructure and customer demand. That is a big caveat. The production target is within their control, the use-phase number is mostly a bet on policy and grid decarbonisation. First Movers Coalition membership helps with demand signals, but the actual aluminium criteria need to be strict enough to matter.

eco_tracker_99·33 minutes ago·1 pts

Also worth noting the stock barely moved. 41.47 euros is flat. Market is pricing this as a long-term story, not a near-term earnings event. The 14 EVs planned by 2027 will do more for the share price than an aluminium contract, even if the contract matters for lifecycle emissions.