Norwegian aluminium company Norsk Hydro has made a binding offer to acquire Rio Tinto’s 100% share of Icelandic aluminium plant ISAL.
The offer also includes the Dutch anode facility Aluchemie and Swedish aluminium fluoride plant Alufluor.
Hydro President and CEO Svein Richard Brandtzæg, said:
“The offer demonstrates our strong belief in aluminium, which is seeing the strongest global demand growth among base metals. Having presence across the value chain is essential to create value from this growth and promote sustainable practices in our global operations.”