Novelis tariff impact and scrap cost pressure
Novelis faces a $40 million per quarter net negative impact from U.S. tariffs and elevated scrap spreads, with uncertainty around USMCA 2.0 timing.
HINDALCO / Q4-FY25 / risks
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Hindalco Industries · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Copper TC/RC decline
Annual TC/RC benchmark for 2025 settled at $0.0545/lb, down 73% YoY, pressuring copper EBITDA which fell 21% in Q4.
Global trade policy uncertainty
U.S. tariff measures and trade tensions could slow global GDP growth, impacting aluminum demand and pricing.
Alumina price volatility
Alumina prices remain volatile due to Guinea supply risks; management assumes $350-$400/ton range for planning.