"The future pricing of bauxite and alumina should reflect the fundamentals of the value chain," Executive Vice President Johnny Undeli said in Metal Bulletin's Bauxite and Alumina Conference in Miami this week.
Undeli, head of Hydro's Bauxite & Alumina business area, and several of his colleagues from the business area's commercial department participated for the first time in a major industry conference since the closing of the deal with Vale.
The acquisition of the bauxite and alumina assets in Brazil has made Hydro one of the major players in the mining industry, and Undeli was one of the keynote speakers in the conference.
Undeli emphasized that there will be an increasing fight for cost-efficient resources going forward and that Hydro with its Brazilian assets is well positioned. The company is now fourth in the world in terms of alumina volume brought to market. This position will grow stronger after planned expansions in Brazil.
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