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Norwegian aluminum producer Norsk Hydro said its Qatari smelter is shutting down after its joint-venture partner stopped supplying gas amid attacks from Iran.

Due to the shortage of natural gas in Qatar, Hydro's joint venture company Qatalum has initiated a controlled shutdown of its aluminium production.

On March 2, at around 1430 CET, QatarEnergy stopped production of liquefied natural gas (LNG) and associated products. On March 3, at around 1200 CET, QatarEnergy issued a statement that the company is stopping the production of some downstream products in the State of Qatar, including urea, polymers, methanol, aluminium and other products.

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) saw strong trading volume on Friday. 487,088 shares were traded during trading, an increase of 123% from the previous session's volume of 218,155 shares.The stock last traded at $9.30 and had previously closed at $9.18. Analysts Set New Price Targets A number of equities

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