Norsk Hydro is the world's largest aluminium producer with a unique vertical integration from bauxite/alumina to low-carbon aluminium smelting powered by Norwegian hydropower. The green premium for low-carbon aluminium in automotive/packaging is real and growing. However, aluminium price cycles dominate the P&L and China overcapacity remains structurally deflationary. Hydro Extrusions (construction/industrial profiles) adds downstream stability.
Thesis reviewed May 29, 2026
Norsk Hydro ASA is headquartered in Norway, which is currently showing elevated risk signals.
🇳🇴Norway78NEUTRALView Norway risk detail →🧱Materials17WATCH| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| APD | Air Products and Chemicals, Inc. | 24 | -9% | ↓7% | AVOID |
| DOW | Dow Inc. | 24 | +1% | ↓7% | NEUTRAL |
| DD | DuPont de Nemours, Inc. | 24 | +6% | ↓7% | EARLY |
| NUE | Nucor Corporation | 24 | +11% | ↓7% | EARLY |
| ECL | Ecolab Inc. | 24 | +2% | ↓7% | NEUTRAL |
| LIN | Linde plc | 24 | +10% | ↓7% | EARLY |
| SHW | The Sherwin-Williams Company | 24 | +2% | ↓7% | NEUTRAL |
Investors who hold NHYDY may also have indirect exposure through these country funds.
Norsk Hydro green aluminium premium rises to $300/t on EU CBAM implementation
Aluminium price recovery to $2,400/t; China production cuts accelerate timeline
Hydro Extrusions wins major EV battery enclosure supply contract in Germany
Estimates · Yahoo Finance · Not audited figures