Novelis
LeaveRussia detail: Pausing Investments
Novelis is the leading producer of flat-rolled aluminum products and the world's largest recycler of aluminum.
Business in Russia
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.
Decision trail
Decision date 09/10/2023 · Reference ↗
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.
Status history since 2022
- 03/08/2026 — suspended · Imported from KSE LeaveRussia
Exposure profile
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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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