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RJZ - Strong Aluminum Market Reflected In Stellar Novelis Results
November, 10 2021 08:36 AM
AB Svensk Ekportkredit ELEMENTS Linked to the Rogers International Commodity Index - Metals Total Return Structured Product
Novelis Inc. reported a net income of $237 million during Q2 as compared to a net loss of $37 million in the prior year period. Novelis benefitted from readily available scrap input rather than the position for many of its competitors who rely on primary ingot or slab. When automotive does return to full capacity, demand will support aluminum prices that have in recent weeks seen a sharp sell-off. For further details see:
Strong Aluminum Market Reflected In Stellar Novelis Results
Stock Information
Company Name:
AB Svensk Ekportkredit ELEMENTS Linked to the Rogers International Commodity Index - Metals Total Return Structured Product
Stock Symbol:
RJZ
Market:
NYSE
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