NYSE:NVL

Ford supplier Novelis targets June repair for fire-hit Oswego aluminum plant as quarterly loss widens

Novelis reported a $160 million fiscal Q3 loss after two fires at its Oswego, New York, aluminum plant cut shipments by 11%. Repairs are expected to finish by end-June, but Ford said full operations may not resume until as late as September, affecting F-150 production costs. Novelis estimated fire-related repair costs at $255 million. No injuries were reported.

11 February 2026

NYSE:F·NYSE:NVL·Stock Market

Ford Stock Plunges as Devastating Supplier Fire and Recalls Turn 2025 Into a Nightmare

A Sept. 16 fire destroyed Novelis’s Oswego, NY aluminum plant, threatening Ford’s F-Series production and wiping 7% off Ford’s stock. Analysts estimate an $800 million hit to 2025 earnings. Ford faces record recalls in 2025, including 1.9 million vehicles for faulty cameras, and its EV unit lost $1.3 billion in Q2 as U.S. EV sales dropped 31%. Q3 U.S. sales rose 8.2%, but outlook remains uncertain.

7 October 2025

NYSE:F·NYSE:NVL·Stock Market

Australian Shares Climb on US-Iran Ceasefire Hopes, Led by Metals and Banks
March 24, 2026, 11:06 PM EDT. Australian shares rebounded strongly with the S&P/ASX200 rising 2.13%, fueled by hopes of a US-Iran ceasefire amid ongoing Middle East tensions. Basic materials stocks led gains, rising 4.2% as miners like BHP, Rio Tinto, and Fortescue rallied. Gold miners surged over 7%, boosted by a rebound in gold prices. In contrast, energy stocks slid as crude oil prices fell from recent peaks. Financials also gained 2%, supported by optimism around economic conditions. Market caution remains due to ongoing military deployments and uncertain regional developments, with analysts urging evidence of eased tensions, especially in strategic shipping routes like the Strait of Hormuz.