Historic Plant of the Future Investment
Aerospace
Specialty
Automotive
Beverage Packaging
END MARKET OUTLOOK
Near-Term Market Trends
Supply chain inventory reduction complete
US market is solid & stronger South America demand in summer
season
Economic pressure in Mexico, Europe and some southeast Asian
markets
Novelis
Long-term global
demand CAGR
~4%
2023-2031 (ex-China)
2024 Novelis
Demand broadly remains stable due to pent-up vehicle demand
and favorable vehicle mix
No material impact from UAW strike in Q3
~7%
2023-2028
Demand broadly moves with economies
Headwinds from high inflation & interest rates impacting B&C
Increasing competitive activity from lower-cost imported containers
~GDP%
Increasing OEM build rates and high order backlog driven by fleet
replacement and route expansion
~5%
2023-2030
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