UPDATE 1-N.Hydro to shut Canada magnesium plant in H1 2007

Newswire

(Adds details, quotes, shares) OSLO, Oct 31 (Reuters) - Norwegian energy and metals group Norsk Hydro said on Tuesday it will close a 51,000 tonnes-per-year magnesium plant in Canada in the first half of 2007 as part of a withdrawal from magnesium production. Norsk Hydro said low cost metals from China triggered the decision to end production at the Becancour plant in Quebec, the world's largest magnesium plant. The closure, which the company had signalled earlier, coincides with the ...

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