Norsk Hydro Asa · OSL:NHY
Norsk Hydro Asa — Nordea market presentation (May 2018)
6 slides from Norsk Hydro Asa's conference presentation, May 7, 2018
Slide 1: Market update: High uncertainty in 2018
Market update High uncertainty in 2018 Kathrine Fog SVP Corporate Strategy & Analysis May 7, 2018
Slide 2: Primary aluminium market moving towards deficit in 2018, increased uncertainty
Primary aluminium market moving towards deficit in 2018, increased uncertainty World ex. China 2018 3-4 % Estimated primary market balance 2018 (mill t.) (‘000t) 3-4 % 2 000 ~30.1 – 30.4 Production ~28.0 – 28.3 Demand 1 000 0 -1 000 China 2018 3-4 % (mill t.) -2 000 4-6 % ~37.4 – 37.8 -3 000 Product
Slide 3: LME, premia and alumina price volatility record high in 2018…
LME, premia and alumina price volatility record high in 2018… PAX alumina Regional standard ingot premiums LME 3m Sanction period USD per mt (USD/t) (USD/t) postponed 2600 750 600 Rusal 2500 sanctions 700 500 Section 232 Alunorte 650 2400 disruption 600 400 2300 550 2200 300 500 2100 450 200 2000 40
Slide 4: Challenging global aluminium market
Challenging global aluminium market US sanctions against Russia US import tariffs on aluminium Hydro’s Brazil challenge • Includes world’s 2nd biggest producer Rusal • Trump with protectionist 10 % import tariff • Half production at Alunorte and Albras US sanctions against Oleg Deripaska-controlled
Slide 5: Rusal exported ~1.8 million tonnes to EU & the US in 2017
Rusal exported ~1.8 million tonnes to EU & the US in 2017 Following the sanctions (post Oct), metal flows to US, EU, Japan and South Korea not likely to occur All figures in ‘000 tonnes, 2017 data Rusal exports The EU 2.900 The US South Korea 1.200 600 150 260 Japan 400 Turkey 3.700 800 2.900 330 Ru
Slide 6: Infinite Aluminium Hydro
INFINITE ALUMINIUM HYDRO