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Norsk Hydro is a fully vertically integrated aluminium group with operations spanning bauxite mining and alumina refining (Pará, Brazil), primary aluminium smelting (Norway, plus JV stakes in Australia/Qatar/Slovakia), aluminium extrusions (North America + Europe), aluminium recycling (six EU plants, expanding), and renewable energy development (Hydro Rein).
Group exposure score is 76 including 3 tracked subsidiary — standalone is 72.
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 3 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
Long-term offtake for 274,000 tonnes of Hydro REDUXA 4.0 low-carbon primary aluminium wire rod (<=4 kg CO2e/kg), 2026-2033 with options for more, ~EUR 1bn estimated contract value; supplies NKT's medium-voltage power-cable production for the European grid buildout.
Radio-Canada: Alouette's principal alumina supplier is the Brazilian company Alunorte (Hydro 92.1%), whose 2018 flood-related output cut forced Alouette to seek other supply; Alouette VP Dominique Denicourt: 'Alunorte n'est pas le seul fournisseur accrédité pour Aluminerie Alouette.' Origin BR: Alunorte refinery, Barcarena, Pará. Destination CA: Alouette smelter, Sept-Îles, Québec. Hydro owns 20% of Alouette, hence related_party. Alumina (bauxite-aluminium chain).
NAAC's own ALBRAS page: 'NAAC has the right to take annually 220,000 tons of primary aluminium ingots produced by ALBRAS, which is equivalent to approximately 10% of Japanese total import of primary aluminium ingots'; shareholders 'Norsk Hydro ASA (51%), Nippon Amazon Aluminium Co., Ltd. (49%)'. NAAC's project page says it takes ingots per its shareholding and allocates them to its Japanese shareholders. Mitsui release 2024-08-09 (https://www.mitsui.com/jp/en/release/2024/1249702_14372.html) on its NAAC capital increase says its Albras ingot offtake rises from ~80,000 to 140,000 t/yr, i.e. the offtake is live in 2024. Origin BR = Albras smelter, Barcarena, Pará (Hydro 51%, consolidated; 448 kt primary in 2025 per Hydro Integrated Annual Report 2025). Destination JP = counted by NAAC itself as Japanese primary-ingot imports. Related party because NAAC owns 49% of Albras.
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
Another tracked dossier names this company as a counterparty in its own sourced disclosure — this platform never wrote these rows on this company's own page, they are read here inverted from the dossier that disclosed them. This is a partial view: 984 additional named-counterparty rows across the corpus could not be matched to a tracked dossier by name at all (mostly non-Latin legal names), so the true count is higher than what renders here.
Announced 2022-12-15 (Hydro's own press release): Hydro to supply Mercedes-Benz with low-carbon primary aluminium (Hydro REDUXA 3.0, target footprint below 3.0 kg CO2/kg aluminium against a global average around 16.7 kg) from its Årdal, Norway smelter, deliveries from 2023 toward Mercedes' near-zero-carbon-aluminium-by-2030 ambition. First production application confirmed 2025 on the all-electric CLA. Partnership later expanded (2026) to cover recycled content (Hydro CIRCAL) as well as low-carbon primary metal.
Scope. This section is inverted evidence: each linked dossier wrote the original row about itself, describing its own relationship to this company. It is never a claim this company itself disclosed. Absence here is not evidence of no relationship — most of the corpus has no named-counterparty block at all yet.
This company sits on the supply side for 1 of its 6 materials — a restriction on those is a tailwind, not a headwind.
As a buyer, policy pressure across its consumed materials is flat.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
As a producer, policy pressure across its produced materials is flat.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
🇯🇵 JP accounts for 100% of severity-weighted pressure.