Novelis faces financial hit from Sierre flooding and scrap price surge in Q2 FY25
Novelis Inc., a global leader in sustainable aluminum solutions and a subsidiary of Hindalco Industries, reported a challenging second quarter for the fiscal year 2025, ending September 30, 2024. Despite a 5% increase in net sales to $4.3 billion, boosted by strong aluminum prices and growing demand in beverage packaging, the company faced an 18% […]