Reuters
Aluminium maker Hydro said on Wednesday it had raised its cost cutting and profit improvement targets, setting new long-term goals driven by digitalisation of operations and growing demand for metals made from low-emission production. The Norwegian group, which recently secured a cash boost from a renewables venture with Macquarie Asset Management, forecast a "greener earnings uplift" of 2 billion Norwegian crowns ($188.46 million) per year by 2030. The company said it was "shifting gear", raising its earnings targets for the aluminium extrusions and recycling units.