Hindalco sees up to $1.6 billion impact from fire at unit's New York plant

Hindalco said on Wednesday the fire at the New York plant of its U.S. unit, Novelis, will hit ‌the ⁠miner's ⁠2026 cash flow by $1.3 billion to $1.6 billion, and that it aims to restart the mill toward the end of the second quarter.

Earlier in the ⁠day, Ford ‌Motor flagged ​that it ​saw lower production in ⁠the fourth quarter due to the ​Novelis fires, with a partial ​recovery expected in 2026.

Reuters reported last week that aluminium production at Novelis has not fully resumed, more than four ‌months after a fire disrupted supplies.


Hindalco had said in November that ⁠the incident would hit cash flow by $550 million to $650 million, adding that no one was injured and the blaze was contained to the hot mill.