Norsk Hydro, one of the world's largest producers of aluminum, was battling...
OSLO - Norsk Hydro, one of the world’s largest producers of aluminum, was battling on Tuesday to contain a cyber attack which hit parts of its production, sending its shares lower and aluminum prices higher.
The company shut several metal extrusion plants, which transform aluminum ingots into components for car makers, builders and other industries, while its giant smelters in countries including Norway, Qatar and Brazil were being operated manually. “Hydro is working to contain and neutralize the attack, but does not yet know the full extent of the situation,” the company said in a statement.
News of the attack pushed aluminum prices up 1.2 percent to a three-month high of $1,944 a tonne in early trade on the London Metal Exchange, before giving up some gains to trade at $1,935 by 1148 GMT.
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