Mercedes-Benz Enters Long-term Primary Aluminium Offtake Deal with Norsk Hydro

05:28 AM EST, 11/10/2026 (MT Newswires) -- Mercedes-Benz Group (MBG.F) entered into a binding long-term offtake agreement with Norsk Hydro (NHY.OL) for primary aluminium supply, as it outlined more detailed targets in its decarbonization pathway. The German carmaker will source primary aluminium from the Norwegian company until beyond 2030, covering at least 10% of its primary aluminium demand, according to a Tuesday release. The deal also covers Norsk Hydro's Hydro Circal, which is planned for use from 2027 in series production of the next-generation large electric vehicles. The deal comes as Mercedes-Benz aims to cut production emissions by 90%, reduce use-phase emissions by 80%, subject to market conditions, and cut emissions by 70% across all relevant value chain stages by 2039, compared with 2019.