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Hydro One Ltd. closed 1.4% short of its 52-week high of C$49.46, which the company reached on March 21st.

supports both Europe's security and climate policy goals," Hydro CEO Eivind Kallevik said. Norway currently accounts for 40 percent of the aluminium produced in Europe, the company added.

Hydro One Ltd. hit a new 52-week high, surpassing its previous peak of C$48.58, which the company achieved on March 11th.