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Oswego restart, Bay Minette aluminium project fuel Novelis’ 71% Q1 FY27 profit

Hindalco subsidiary Novelis has expanded its aluminium rolling and recycling footprint through the continued commissioning of its Bay Minette greenfield site in Alabama and the restart of its Oswego hot mill in New York. The twin milestones propelled the company’s performance in the first quarter of fiscal year 2027 (Q1 FY2027), backed by higher aluminium prices, operational efficiencies and steady demand for sustainable aluminium solutions. Steve Fisher, President and CEO of Novelis, said, " ...

Downstream

AL Circle Analysis: The new downstream aluminium investment map – where investors should watch

The aluminium industry's growth story is increasingly being shaped by value-added manufacturing rather than production volumes. Robust earnings, expansion projects and business diversification continued to strengthen confidence in downstream aluminium, with several producers raising their outlooks despite macroeconomic and geopolitical headwinds. At the same time, global trade trends favoured economies with stronger downstream capabilities, while weaker exports in some regions and governance c ...

Downstream

ElvalHalcor launches new shares, backs €855m aluminium rolling mill expansion by 2030

Athens-based aluminium manufacturer ElvalHalcor’s newly issued shares have officially started trading on Euronext Athens on July 22. The shares were launched after the successful completion of the company’s recent share capital increase, which attracted strong interest from both institutional and retail investors. To mark the occasion, ElvalHalcor Chairman Konstantinos Katsaros formally opened the trading session alongside company executives, partners and representatives of Euronext Athens. ...

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