Norsk Hydro may declare force majeure due to US sanctions

Hydro has notified Rusal it may be necessary to declare force majeure on certain contracts, as the company could be prevented from upholding its obligations due to the US sanctions list issued on April 6, at least from June 5. Hydro estimates the potential impact on its production and customers would not be significant, neither upstream nor downstream.

Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.

Notify of