Norsk Hydro is increasing its focus on low-emission and recycled aluminum to drive long-term earnings. By utilizing Norway's hydropower resources and expanding scrap collection in the US and Europe, the company aims to reduce the carbon footprint of primary aluminum production. Despite these green initiatives, the company faces industry-wide challenges including volatile energy prices and weak demand in the construction sector. Hydro is betting on renewable energy access and downstream processing to maintain a competitive edge in a decarbonizing market.
