Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business
Stay Pausing Investments
Novelis is the leading producer of flat-rolled aluminum products and the world's largest recycler of aluminum.
Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business
Stay Pausing InvestmentsNovelis Europe, a unit of the world’s largest producer of rolled aluminium products Novelis , says it will again exclude Russian aluminium from its 2024 metal supply tender. Novelis still buys some aluminium from Russia’s Rusal, under contracts agreed before Russia invaded Ukraine last year, but since then it has shunned new deals for Russian aluminium, the U.S.-based company’s CEO said in August.
Novelis is still buying some aluminium from Rusal under contracts agreed before Russia invaded Ukraine, but since the war started last year it has shunned new deals with the Russian firm.
| October 09, 2023 | LME WEEK-Novelis Europe to exclude Russia from 2024 metal supply tender |
| August 22, 2023 | No new Novelis deals to buy Russian aluminium since Ukraine war |