Norsk Hydro Rises on Step Toward Refinery Resumption, Alcoa Falls -- Market Mover

Date : 10/08/2018 @ 7:09PM
Source : Dow Jones News
Stock : Alcoa Corp. (AA)
Quote : 38.465  -0.385 (-0.99%) @ 2:11PM

Norsk Hydro Rises on Step Toward Refinery Resumption, Alcoa Falls -- Market Mover

Alcoa (NYSE:AA)
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Norsk Hydro ASA's (NHY.OS, NHYDY) Norway-listed shares rose 3.9%, to NOK45.54, on Monday and its American depositary receipts rose 4.2%, to $5.54. Over the weekend, the company said its Alunorte alumina refinery in Brazil received authorization to utilize its press filter, the first step toward resuming operations. Earlier last week, the company said the refinery was preparing for a full shutdown. Alcoa Inc. (AA) fell 7.9% on Monday, to $38.74. The refinery had been running at 50% capacity since March, when Brazilian authorities ordered it to lower water levels. (josh.beckerman@wsj.com)

 

(END) Dow Jones Newswires

October 08, 2018 18:54 ET (22:54 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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