Norwegian-based Norsk Hydro is buying Vale's (VALE) aluminum assets for $4.9B, a move that will...

|About: Vale S.A. (VALE)|By:, SA News Editor

Norwegian-based Norsk Hydro is buying Vale's (VALE) aluminum assets for $4.9B, a move that will secure Norsk's supply of raw materials for decades. The aluminum business is Vale's third biggest in terms of revenue, but the rising costs of energy, a major production input, have been cutting into its profits.