According to foreign media reports, Novelis has renewed its cooperation agreement with Infinitum, Norway's beverage container deposit refund system. This agreement aims to ensure that all aluminum beverage cans used in Norway are efficiently collected, recycled, and reintegrated into the production cycle. Through this cooperation, aluminum collected by Infinitum's recycling facilities in Norway is transported to Novelis' recycling plant in Latchford, UK, where it will be processed into new aluminum can sheets.

According to foreign media reports, the explosion at the Novelis aluminum rolling plant in Greensboro, Georgia, US, was a major industrial accident triggered by a baghouse dust collector malfunction. The plant is a leading enterprise in global aluminum recycling, mainly producing aluminum semis for beverage cans, with clients including Coca-Cola. - Time and Location: At around 5:00 p.m. local time on March 1, 2026 (Sunday), at the Novelis aluminum recycling plant on Willow Run Road in Greensboro, Georgia, US. - Incident Overview: A fire was sparked by a dust explosion in the baghouse, spreading to piles of aluminum scrap and conveyor belts, causing partial structural damage to the building; all 16 employees at the site evacuated safely, with no casualties.

Novelis recently released its fiscal 2026 Q3 results, highlighting the impact of the fire at its Oswego plant. The production disruption at the Oswego plant is expected to reduce shipments by 72,000 mt. This resulted in a pre-tax negative impact of $54 million on adjusted EBITDA and net loss. The net loss was further affected by a pre-tax loss of $327 million related to the fire. Despite the decline in paired volume, net sales increased 3% YoY to $4.2 billion, primarily driven by higher average aluminum prices.

【SMM News Flash】Hindalco Industries reported a 45% decline in Q3 profit, despite strong aluminum and copper prices, as rising costs and operational disruptions at its US subsidiary Novelis weighed on performance.The metal producer, part of the Aditya Birla Group, posted a consolidated net profit of 20.49 billion rupees for the three months ended December 31, down from 37.35 billion rupees a year earlier.The profit drop was mainly due to an exceptional expense of 26.1 billion rupees related to disruptions at the Oswego plant in New York.

On June 2, the Ministry of Trade, Industry and Energy of the Republic of Korea (ROK) convened an emergency meeting with representatives from the steel and aluminum industries to discuss responses to the US doubling of tariffs on steel and aluminum. According to Yonhap News Agency, industry representatives from POSCO, Hyundai Steel, KG Steel, the Korea Non-Ferrous Metals Association, Novelis Korea, and Lotte Aluminum attended the meeting. The meeting focused on discussing the impact of the US's tariff increase on steel and aluminum on relevant industries in the ROK and subsequent response plans. The Ministry of Trade, Industry and Energy of the ROK stated that it would closely monitor the implementation of the US tariff measures and actively respond within the existing framework of consultations with the US, striving to minimize the impact on domestic industries in the ROK. The US has imposed a 25% tariff on all imported steel and aluminum since March 12. On May 30, US President Trump said that the tariffs on steel and aluminum would be raised to 50% starting from June 4. The US is one of the major export markets for ROK steel. According to data from the Korea International Trade Association, steel products exported to the US accounted for 13.1% of the ROK's total steel exports in 2024.

Novelis' fiscal year 2025 performance report shows that in fiscal year 2025, Novelis' net sales increased by 6% YoY to USD 17.1 billion, primarily driven by the rise in average aluminum prices and a 2% increase in total shipments of rolled products to 3.757 million mt. The growth in shipments was mainly attributed to record-high shipments of beverage packaging and an increase in shipments of aerospace products, although this growth was partially offset by a decline in shipments of specialty products and automotive products. In fiscal year 2025, Novelis' net income attributable to common shareholders increased by 14% YoY to USD 683 million, while adjusted EBITDA decreased by 4% to USD 1.8 billion. This was mainly due to the YoY increase in aluminum scrap prices, an unfavorable product mix, and rising operating costs, which were partially offset by an increase in total shipments and product price increases.