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Novelis reported a net loss of $84 million for the fourth quarter, compared with a net profit of $294 million in the year-ago period.
Novelis expects capital expenditure for FY27 to be in the range of $2.1 billion to $2.4 billion, including around $350 million towards maintenance capex. The company also said it expects to return to positive free cash flo...
**Steelman:** Novelis presents a narrative of resilience despite operational setbacks, emphasizing long-term demand for sustainable aluminum and cost-saving initiatives. The fires at Oswego are framed as temporary disruptions, with leadership projecting recovery through efficiency gains and market tailwinds.
**Pattern Scan:** The article leans on corporate optimism ("energized by the strength of the underlying business") while downplaying structural risks like rising debt. The focus on "low-carb...