Norway’s Hydro to cut Slovakia aluminium output further due to power prices

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Norway’s Hydro to cut Slovakia aluminium output further due to power prices


OSLO, Dec 30 (Reuters)Norsk Hydro’s NHY.OL majority-owned aluminium plant in Slovakia will further curtail its output in response to high electricity costs, the Norwegian company said on Thursday.

The Slovalco plant, 55.3% owned by Hydro, will lower production to approximately 60% of capacity from around 80% currently, the company said.

The latest cut corresponds to an annual reduction of 35,000 tonnes of aluminium.

(Reporting by Terje Solsvik; editing by Jason Neely)

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