How Slovalco Restart Plans Could Add Industrial Depth to Norsk Hydro ASA’s (NHYDY) Recycling Position

Norsk Hydro ASA (OTC:NHYDY) is one of the best battery recycling stocks to buy.

On July 1, Hydro said Slovalco reached an agreement with the Slovak government that could allow the restart of 75,000 tonnes of curtailed primary aluminum capacity. The company said the restart would require EUR 100 million in investment and would remain dependent on European Commission approval of Slovakia’s updated indirect carbon cost compensation scheme. The update is centered on aluminum supply rather than battery recycling, but it still fits Hydro’s broader circular-materials position.

Aluminum is one of the materials recovered in battery recycling, and Hydro’s battery-recycling exposure comes through Hydrovolt, its battery recycler in Fredrikstad, Norway. Hydrovolt says its plant is designed to process 12,000 tons of battery packs annually, equal to about 25,000 EVs, and Hydro has previously said the process can recover materials including aluminum, copper, plastics and black mass. The Slovalco restart would therefore add industrial depth around a company already tied to battery recycling through Hydrovolt.

Norsk Hydro ASA (OTC:NHYDY) is a Norway-based aluminum and renewable energy company with operations across bauxite, alumina, primary metal, recycling, extrusion, and energy.

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