Hindalco unfazed by Trump’s tariff bombshell — Novelis has leverage over share prices!
The US President’s surprise move to impose a 25 per cent tariff on all steel and aluminium imports has sent shockwaves across global markets. However, industry experts have reinstated their trust upon Hindalco’s 100 per cent subsidiary Novelis, confirming that it is well-equipped to weather this storm. The 20-year-old Atlanta-based business has been owned by Indian metals company Hindalco Industries since 2007.
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’.
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Transforming battery housing into outdoor panels for Volkswagen with Novelis' closed-loop innovation
Next articleNovember records a strong monthly surge of 12.64% in US aluminium scrap exports with Thailand bagging the top position
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