Aluminum recycler Novelis to raise $945 million in IPO
The Atlanta-based company's customers include Ball Corporation, Trane Technologies and Jaguar Land Rover.
The Atlanta-based company's customers include Ball Corporation, Trane Technologies and Jaguar Land Rover.
"It’s the stuff that makes sustainability real, and it gives it a future, because it’s based on facts rather than noise."
Production growth had been forecasted at 3.7% by the group in October 2023.
The Chicago-headquartered company said net income reached $247 million in the quarter ended March 31, up from $30 million in the previous quarter.
On the ferrous side, about two-thirds of the respondents indicated ferrous scrap prices would remain stable, while one-quarter thought they would rise in May.
RMU anticipates participating, connecting with fellow attendees, and absorbing insights from over 150 speakers.
Kataman Metals globally trades about 300,000 tons of copper, aluminum, iron, and other scrap raw materials annually.
“Without question, current conditions in the scrap markets remain challenging,” Tamara Lundgren, chairman and CEO, said.
For April, a majority of respondents said they expect ferrous scrap prices to rise.
The projects are part of a larger, $6-billion DOE agenda funded by the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA).