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Bauxite & Alumina
Results Q2 20 vs Q2 19
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Higher alumina and bauxite production from Alunorte ramp-up
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Lower raw material prices
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Positive currency effects
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Lower alumina sales prices, but high compared to PAX M-1
Outlook Q3 20
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Increased raw material costs from Q2 2020
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Alunorte production impacted by Paragominas power interruption and
rescheduled
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maintenance, expected to produce at 85-95% of nameplate capacity
Primary Metal
Results Q2 20 vs Q2 19
Outlook Q3 20
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~ 60% of primary production for Q3 priced at USD 1 530 per mt
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~ 55% of premiums affecting Q3 booked at USD ~260 per mt
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Q3 realized premium expected in the range of USD 175-225 per mt
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Reduced raw material costs and increased fixed costs from Q2
|
Key figures |
Q2 2020 |
Q2 2019 |
Q1 2020 |
|
Alumina production, kmt |
1442 |
932 |
1531 |
|
Total alumina sales, kmt |
2243 |
1668 |
2140 |
|
Realized alumina price, USD/mt |
261 |
365 |
278 |
|
Implied alumina cost, USD/mt |
192 |
296 |
226 |
|
Bauxite production, kmt |
2332 |
1624 |
2585 |
|
Underlying EBITDA, NOK million |
1550 |
1004 |
1102 |
|
Underlying EBIT, NOK million |
1047 |
415 |
535 |
|
Underlying RoaCE, % LTM |
5.60% |
4.50% |
3.60% |
|
Primary aluminium production, kmt |
509 |
486 |
528 |
|
Total sales, kmt |
510 |
527 |
577 |
|
Realized LME price, USD/mt |
1579 |
1858 |
1758 |
|
Realized LME price, NOK/mt |
15689 |
15959 |
16658 |
|
Realized premium, USD/mt |
212 |
326 |
234 |
|
Implied all-in primary cost, USD/mt |
1600 |
2100 |
1700 |
|
Underlying EBITDA, NOK million |
560 |
-27 |
1197 |
|
Underlying EBIT, NOK million |
-37 |
-604 |
573 |
|
Underlying RoaCE, % |
1.60% |
-2.50% |
0.40% |
Source: Hydro |
(To contact the reporter on this story: jemma.shang@steelhome.cn or 86-555-2238875 18155520624) |
