Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business

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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 Investments

Novelis 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.

The Company Statement
October 09, 2023

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, 2023LME WEEK-Novelis Europe to exclude Russia from 2024 metal supply tender
August 22, 2023No new Novelis deals to buy Russian aluminium since Ukraine war
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