JPMorgan believes earnings have bottomed for Hindalco’s unit Novelis. It also sees better profitability for Novelis as the Oswego plant restarts operations and due to the benefit from higher scrap spreads.
JPMorgan believes earnings have bottomed for Hindalco’s unit Novelis. It also sees better profitability for Novelis as the Oswego plant restarts operations and due to the benefit from higher scrap spreads.