Novelis, a major exporter of aluminium to the US, has made a recent USD 2.5 billion investment in a new plant in Alabama and is seen as a strategic hedge against potential tariff impact. Brokerage firm Nuvama says ‘the effect of tariff imposition, if it happens, shall be minimal on Novelis’s earnings’.
The Hindalco management has indicated that any increase in aluminium prices due to the tariffs will be decreed on to buyers through higher premiums. This, coupled with Novelis’ operational efficiency, is expected to cushion the blow.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
