【SMM Aluminum Flash News】Novelis Reports Q4 Net Loss Despite 4% Sales Growth

Published: May 22, 2026 09:14

Save

Novelis released its Q4 and full-year fiscal 2026 results, showing that net sales increased by 4% year-over-year to $4.8 billion in Q4, primarily driven by higher average aluminum prices, but partially offset by a 12% decrease in total rolled product shipments to 844,000 tonnes. The decline in shipments was attributed to production disruptions at the Oswego plant and geopolitical tensions leading to weakness in certain specialty aluminum markets. The company reported a net loss attributable to common shareholders of $84 million in Q4, compared to a net profit attributable to common shareholders of $294 million in the same period last year.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

6 hours ago

Domestic Port Bauxite Inventory Rises by 970,000 mt in Week

【SMM Port Inventory of Imported Bauxite】According to SMM's statistics on May 22, the total bauxite inventory at ten domestic ports increased by 970,000 mt from the previous week.

6 hours ago

Has Indonesia Learned Its Nickel Lesson? Its Bauxite Market Will Tell

Indonesia has done this before. A commodity export ban, a rush of downstream investment, processing capacity built faster than the upstream can honestly support, and a market that eventually corrects in the most painful way possible. The nickel sector wrote that playbook. The bauxite sector is now following it, page by page, with one additional complication that makes the stakes materially higher.

6 hours ago

Chalco to Invest $1B in Guinea Alumina Refinery, Bolstering Supply Chain Integration

[SMM Aluminum Express News] Aluminum Corporation of China (Chalco) will invest approximately US$1 billion to build a 1.2 Mtpa alumina refinery in Guinea, strengthening upstream bauxite-to-alumina integration amid tightening global aluminum supply chains. The project includes supporting port infrastructure, while the Guinean government retains the option to acquire up to a 35% equity stake in the development.

6 hours ago