<PAGE>
                                                                    EXHIBIT 10.5

                                                                  EXECUTION COPY

                                                      (METAL SUPPLY AGREEMENT #4
                                                           SHEET INGOT - EUROPE)

                             METAL SUPPLY AGREEMENT

                                     between

                                  NOVELIS INC.

                                 (as Purchaser)

                                       and

                                   ALCAN INC.

                                  (as Supplier)

                     FOR THE SUPPLY OF SHEET INGOT IN EUROPE

           DATED JANUARY 5, 2005, WITH EFFECT AS OF THE EFFECTIVE DATE
<PAGE>
                                TABLE OF CONTENTS

<TABLE>
<S>   <C>                                                                     <C>
1.    DEFINITIONS AND INTERPRETATION.......................................    2
2.    METAL................................................................    9
3.    FORCE MAJEURE........................................................   17
4.    ASSIGNMENT...........................................................   19
5.    TERM AND TERMINATION.................................................   20
6.    EVENTS OF DEFAULT....................................................   21
7.    REPRESENTATIONS AND WARRANTIES.......................................   22
8.    CONFIDENTIALITY......................................................   22
9.    DISPUTE RESOLUTION...................................................   22
10.   MISCELLANEOUS........................................................   23

SCHEDULES
1     Metal Specifications
2.    Contract Year 1 Quantities
3.    Shipment and Delivery Performance
4.    Logistics Costs
5.    Product Premiums
</TABLE>
<PAGE>
                             METAL SUPPLY AGREEMENT

THIS AGREEMENT entered into in the City of Montreal, Province of Quebec, is
dated January _____, 2005, with effect as of the Effective Date.

BETWEEN:   NOVELIS INC., a corporation incorporated under the Canada Business
           Corporations Act ("NOVELIS" or the "PURCHASER");

AND:       ALCAN INC., a corporation organized under the Canada Business
           Corporations Act ("ALCAN" or the "SUPPLIER").

RECITALS:

WHEREAS Alcan and Novelis have entered into a Separation Agreement pursuant to
which they set out the terms and conditions relating to the separation of the
Separated Businesses from the Remaining Alcan Businesses (each as defined
therein), such that the Separated Businesses are to be held, as at the Effective
Time (as defined therein), directly or indirectly, by Novelis (such agreement,
as amended, restated or modified from time to time, the "SEPARATION AGREEMENT").
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                                      -2-


WHEREAS the Supplier and its Affiliates wish to supply, and the Purchaser and
its Affiliates wish to purchase, subject to the terms and conditions of this
Agreement, Metal (as defined below) required by the Purchaser and its Affiliates
at the Delivery Sites (as defined below).

WHEREAS the Parties have entered into this Agreement as principals and as agents
for their Subsidiaries in order to set forth such terms and conditions.

NOW THEREFORE, in consideration of the mutual agreements, covenants and other
provisions set forth in this Agreement, the Parties hereby agree as follows:

1.   DEFINITIONS AND INTERPRETATION

1.1  DEFINITIONS

     For the purposes of this Agreement, the following terms and expressions and
     variations thereof shall, unless another meaning is clearly required in the
     context, have the meanings specified or referred to in this Section 1.1:

     "AFFECTED PARTY" has the meaning set forth in Section 3.1.

     "AFFILIATE" of any Person means any other Person that, directly or
     indirectly, controls, is controlled by, or is under common control with
     such first Person as of the date on which or at any time during the period
     for when such determination is being made. For purposes of this definition,
     "CONTROL" means the possession, directly or indirectly, of the power to
     direct or cause the direction of the management and policies of such
     Person, whether through the ownership of voting securities or other
     interests, by contract or otherwise and the terms "CONTROLLING" and
     "CONTROLLED" have meanings correlative to the foregoing.

     "AGREEMENT" means this Metal Supply Agreement, including all of the
     Schedules hereto.

     "ALCAN" means Alcan Inc.

     "ALCAN GROUP" means Alcan Inc. and its Subsidiaries from time to time on
     and after the Effective Date.

     "ANNUAL BASE QUANTITY" means

          (i)  in respect of Contract Year 1, ***Tonnes,

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          (ii) in respect of Contract Year 2, *** Tonnes,

          (iii) in respect of Contract Year 3, *** Tonnes, and

          (iv) It is anticipated that the Parties will reach agreement on a new
          supply agreement superseding this agreement, effective starting the
          end of Contract Year 3. If the Parties fail to reach such an
          agreement, this contract will continue to be in force through the end
          of Contract Year *** , with the Annual Base Quantity for Contract
          Years *** being equal to the Annual Base Quantity of the prior
          Contract Year less a possible reduction equal to *** % of the Contract
          Year 3 Annual Base Quantity. This reduction of Annual Base Quantity
          for any of Contract Years *** can be triggered unilaterally by either
          Party by providing written notice no later than 18 months prior to the
          start of the relevant Contract Year.

     As an example, the Annual Base Quantity for Contract Year *** will be equal
     to *** Tonnes (the Annual Base Quantity for contract year *** , assuming no
     volume reductions pursuant to Section 2.1(c)) unless either Supplier or
     Purchaser notifies the other Party by June 30 of Contract Year 2 that it is
     triggering a reduction of *** Tonnes ( *** % of the Annual Base Quantity
     for Contract Year 3). In the latter case, the Annual Base Quantity for
     Contract Year *** would become *** Tonnes. "ANNUAL ORDER QUANTITY" means,
     in respect of any Contract Year, an amount in Tonnes, which is equal to or
     greater than *** % of the Annual Base Quantity for such Contract Year, and
     less than or equal to the Annual Base Quantity for such Contract Year,
     unless otherwise agreed by the Parties, which amount is notified by the
     Purchaser to the Supplier pursuant to Section 2.6.

     "APPLICABLE LAW" means any applicable law, rule or regulation of any
     Governmental Authority or any outstanding order, judgment, injunction,
     ruling or decree by any Governmental Authority.

     "APPLICABLE LME DISCOUNT PERCENTAGE" means, for each of *** , inclusive,
     *** %, and for any Contract Year from and after *** , such percentage as
     may be agreed by the Parties in connection with any extension of the Term
     pursuant to Section 5.3.

     "BILL OF LADING DATE" means the date of the bill of lading representing
     Metal cargo to be delivered under this Agreement.

     "BUSINESS CONCERN" means any corporation, company, limited liability
     company, partnership, joint venture, trust, unincorporated association or
     any other form of association.

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     "BUSINESS DAY" means any day excluding (i) Saturday, Sunday and any other
     day which, in the City of London, Frankfurt or Zurich is a legal holiday,
     or (ii) a day on which banks are authorized by Applicable Law to close in
     the City of London, Frankfurt or Zurich.

     "CIP" means, to the extent not inconsistent with the provisions of this
     Agreement, CIP as defined in Incoterms 2000, published by the ICC, Paris,
     France, as amended from time to time.

     "COMMERCIALLY REASONABLE EFFORTS" means the efforts that a reasonable and
     prudent Person desirous of achieving a business result would use in similar
     circumstances to ensure that such result is achieved as expeditiously as
     possible in the context of commercial relations of the type contemplated in
     this Agreement; provided, however, that an obligation to use Commercially
     Reasonable Efforts under this Agreement does not require the Person subject
     to that obligation to assume any material obligations or pay any material
     amounts to a Third Party or take actions that would reduce the benefits
     intended to be obtained by such Person under this Agreement.

     "CONSENT" means any approval, consent, ratification, waiver or other
     authorization.

     "CONSULTATION PERIOD" has the meaning set forth in Section 2.5.

     "CONTRACT PRICE" means, for each Tonne of Metal sold and purchased
     hereunder in any month:

     (a)  in respect of Metal supplied to a Delivery Site outside of the United
          Kingdom from a Supplier Facility located inside Continental Europe,the
          aggregate of the following:

          (i)  the LME 3-Month Aluminum Price for the month preceding the month
               of the Bill of Lading Date;

          (ii) minus the Applicable LME Discount Percentage of the LME 3-Month
               Aluminum Price;

          (iii) plus the Logistics Cost, or in the case of delivery from a
               Supplier Facility located outside of Continental Europe, plus the
               cost of freight and insurance from Rotterdam to the Delivery Site
               as is the current practice, (unless purchaser arranges and pays
               for freight, in which event such charge shall not be applied);

          (iv) plus the Product Premium;

          (v)  plus the EC Duty Paid Premium (LME duty paid premium indicator /
               HG Cash (average of bid and ask), as published in Metal Bulletin,
               applicable to the month of the Bill of Lading Date.
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                                      -5-


     (b)  in respect of Metal supplied to a Delivery Site in the United Kingdom,
          the aggregate of:

          (i)  the LME 3-Month Aluminum Price for the Month preceding the month
               of the Bill of Lading Date;

          (ii) minus the Applicable LME Discount Percentage of the LME 3-Month
               Aluminum Price;

          (iii) plus the Logistics Cost (unless Purchaser arranges and pays for
               the freight, in which event such charge shall not be applied);

          (iv) plus the Product Premium;

          (v)  plus the EC Duty Paid Premium (average of bid and ask) for the
               month prior to the month of the Bill of Lading Date; and

          (vi) minus, in the case of supply of Metal to Rogerstone, the
               Rogerstone Discount;

     "CONTRACT YEAR" means (a) initially the period commencing on the Effective
     Date and ending on the last day of the calendar year in which the Effective
     Date occurs (such initial period being "CONTRACT YEAR 1") and (b)
     thereafter, each successive period consisting of twelve calendar months
     (the first such period being "CONTRACT YEAR 2"), provided that the final
     Contract Year shall end on the last day of the Term.

     "DEFAULT INTEREST RATE" means the rate of interest charged by Supplier for
     late payments in accordance with Supplier's normal commercial practice, as
     set forth in invoices issued by Supplier hereunder.

     "DEFAULTING PARTY" has the meaning set forth in Section 6.

     "DELIVERY SITE" means any of the following facilities of the Purchaser, as
     specified, in respect of each shipment of Metal hereunder in the Firm
     Orders provided by the Purchaser hereunder:

     (a)  the following locations in the United Kingdom:

          (i)  Rogerstone;

          (ii) Bridgnorth; and

     (b)  the following locations in continental Europe:

          (i)  Norf;

          (ii) Sierre;
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                                      -6-


          (iii) Annecy; and

     (c)  such other facilities of the Purchaser as may be agreed by the
          Parties.

     "DISPUTES" has the meaning set forth in Section 9.1.

     "DOLLARS" or "$" means the lawful currency of the United States of America.

     "EC DUTY PAID PREMIUM" means for any calendar month, the arithmetic average
     of the EC Duty Paid Premium for primary high grade aluminum, as published
     by Metal Bulletin on each day during the calendar month preceding such
     calendar month or as otherwise determined pursuant to Section 2.10(c).

     "EFFECTIVE DATE" means the "Effective Date" as defined in the Separation
     Agreement.

     "ESTIMATED ANNUAL CAPACITY" has the meaning set out in Section 2.4(b)(i),
     subject to any adjustment pursuant to Section 2.5.

     "ESTIMATED ANNUAL ORDER QUANTITY" has the meaning set out in Section
     2.3(b)(i), subject to any adjustment pursuant to Section 2.5.

     "ESTIMATED MONTHLY CAPACITY" has the meaning set out in Section 2.4(b)(ii),
     subject to any adjustment pursuant to Section 2.5.

     "ESTIMATED MONTHLY CAPACITY UPDATE" has the meaning set forth in Section
     2.7(a).

     "ESTIMATED MONTHLY DEMAND" has the meaning set out in Section 2.3(b)(ii),
     subject to any adjustment pursuant to Section 2.5, 2.6(ii) or Section
     2.7(b)(ii).

     "EUROS" means the lawful currency of the member states of the European
     Union that adopt the single currency in accordance with the Treaty
     Establishing the European Community, as amended by the Treaty on European
     Union.

     "EVENT OF DEFAULT" has the meaning set forth in Section 6.

     "FIRM ORDER" has the meaning set forth in Section 2.7(b)(i).

     "FORCE MAJEURE" has the meaning set forth in Section 3.2.

     "GOVERNMENTAL AUTHORITY" means any court, arbitration panel, governmental
     or regulatory authority, agency, stock exchange, commission or body.

     "GOVERNMENTAL AUTHORIZATION" means any Consent, license, certificate,
     franchise, registration or permit issued, granted, given or otherwise made
     available by, or under the authority of, any Governmental Authority or
     pursuant to any Applicable Law.
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                                      -7-


     "ICC" means the International Chamber of Commerce.

     "INCOTERMS 2000" means the set of international rules updated in the year
     2000 for the interpretation of the most commonly used trade terms for
     foreign trade, as published by the ICC.

     "LIABILITIES" has the meaning set forth in the Separation Agreement.

     "LME" means the London Metal Exchange.

     "LME 3-MONTH ALUMINUM PRICE" for any calendar month means the arithmetic
     average of the LME 3-Month seller's and buyer's price for primary high
     grade aluminum, as published in Metal Bulletin on each day during the
     calendar month preceding such calendar month or as otherwise determined
     pursuant to Section 2.10(b). For avoidance of doubt, the LME 3-Month
     Aluminum Price for the month of April will be based on aluminum prices
     published during the month of March.

     "LOGISTICS COST" means those logistics-related costs charged to Purchaser
     in accordance with current practice as at the Effective Date, as further
     set forth in Schedule 4.

     "METAL" means aluminum sheet ingot having the specifications set forth in
     SCHEDULE 1.

     "MINIMUM ANNUAL PURCHASE QUANTITY" means an amount in Tonnes in respect of
     each Contract Year, equal to ***% of the Annual Order Quantity for such
     Contract Year.

     "MONTH M1" has the meaning set forth in Section 2.7(b)(i).

     "MONTHLY OFFTAKE QUOTE" has the meaning set out in Section 2.7(b).

     "NOVELIS" means Novelis Inc.

     "NOVELIS GROUP" means Novelis Inc. and its Subsidiaries from time to time
     on and after the Effective Date.

     "PARTY" means each of the Purchaser and the Supplier as a party to this
     Agreement and "PARTIES" means both of them.

     "PERSON" means any individual, Business Concern or Governmental Authority.

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                                      -8-


     "PRODUCT PREMIUM" means those product-related premiums charged to Purchaser
     in accordance with current practice and as further set forth in Schedule 5.

     "PURCHASER" has the meaning set forth in the Preamble to this Agreement.

     "ROGERSTONE DISCOUNT" means in respect of each Tonne of Metal supplied to
     Purchaser's Rogerstone facility, $***.

     "SALES TAX" means any sales, use, consumption, goods and services, value
     added or similar tax, duty or charge imposed by a Governmental Authority
     pursuant to Applicable Law.

     "SEPARATION AGREEMENT" has the meaning set out in the Preamble to this
     Agreement.

     "SPECIFICATIONS" means specifications for Metal as set out in SCHEDULE 1.

     "SUBSIDIARY" of any Person means any corporation, partnership, limited
     liability entity, joint venture or other organization, whether incorporated
     or unincorporated, of which a majority of the total voting power of capital
     stock or other interests entitled (without the occurrence of any
     contingency) to vote in the election of directors, managers or trustees
     thereof, is at the time owned or controlled, directly or indirectly, by
     such Person.

     "SUPPLIER" has the meaning set forth in the Preamble to this Agreement.

     "SUPPLIER FACILITIES" means any of the facilities of the Supplier located
     at Dunquerque, Isal, Lochaber, Lynemouth, Vlissingen, St. Jean, Lannemezan,
     or Alucam, or such other facilities as may be agreed by the Purchaser in
     accordance with Section 2.1(b).

     "SUPPLY SCHEDULE" means in respect of each Contract Year, the notice of
     Estimated Annual Capacity for such Contract Year and Estimated Monthly
     Capacity in respect of each calendar month therein, delivered by the
     Supplier pursuant to Section 2.4(b).

     "TERM" has the meaning set forth in Section 5.2.

     "TERMINATING PARTY" has the meaning set forth in Section 6.

     "THIRD PARTY" means a Person that is not a Party to this Agreement, other
     than a member or an Affiliate of Alcan Group or a member or an Affiliate of
     Novelis Group.

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                                      -9-


     "THIRD PARTY CLAIM" has the meaning set forth in the Separation Agreement.

     "TONNE" means 1,000 kilograms.

1.2  CURRENCY

     All currency references to LME metal-related components herein are to U.S.
     dollars unless otherwise specified. All other references to currency herein
     are to Euros unless otherwise specified. All currency conversions required
     for purposes of calculating the applicable Contract Price and various
     components thereof as well as any other amounts payable hereunder shall be
     made utilizing the monthly average of the daily spot Euro/Dollar exchange
     rate of the European Central Bank adjusted by the swap points on three-
     month forward purchase contracts for the relevant currency.

1.3  VIENNA CONVENTION

     The Parties agree that the terms of the United Nations Convention (Vienna
     Convention) on Contracts for the International Sale of Goods (1980) shall
     not apply to this Agreement or the obligations of the Parties hereunder.

2.   METAL

2.1  SUPPLY AND SALE BY THE SUPPLIER

     (a)  Subject to the terms and conditions of this Agreement, beginning on
          the Effective Date and continuing throughout the Term of this
          Agreement, the Supplier shall supply and sell to the Purchaser "CIP
          the applicable Delivery Site" the quantities of Metal determined in
          accordance with this Agreement.

     (b)  The Supplier shall supply Metal from a Supplier Facility of the
          Supplier's choosing provided that the relevant Supplier Facility is
          qualified by the Supplier to supply the specific Metal alloys with
          mould specifications and other material specifications requested by
          the Purchaser Supplier shall provide details of supply by Supplier
          Facility in the same form as provided in accordance with current
          practice as at the Effective Date. Supplier may also Supply Metal from
          such other sources and locations as may be agreed by the Parties. If
          the Supplier wishes at any time to deliver Metal hereunder to the
          Purchaser from a source other than the facilities named in the
          definition of "Supplier Facilities" herein, it may do so provided such
          Metal complies with the Specifications and the Purchaser has confirmed
          in writing that the source of such Metal is acceptable to it. The
          Purchaser shall act reasonably in providing such confirmation.

     (c)  The quantity of Metal which the Purchaser agrees to purchase and the
          Supplier agrees to supply hereunder shall be subject to reduction on a
          pro rata basis in
<PAGE>
                                      -10-


          the event the Supplier provides notice to the Purchaser that one of
          the Supplier Facilities owned by the Supplier has been temporarily or
          permanently shut down by the Supplier, provided such shut down has
          occurred as a result of a good faith decision by the Supplier that the
          continued operation of such Supplier Facility would be uneconomic or
          otherwise unviable or non-value maximizing for the Supplier. This
          reduction shall be for such quantity as may be agreed by the Parties
          and, failing agreement, shall be for such quantity as is equal to the
          Estimated Annual Capacity for the applicable Contract year multiplied
          by the annual reduction capacity of the Supplier Facilities that have
          been shut down, and divided by the total annual production capacity of
          all Supplier Facilities before giving effect to the shut down.

          Annual Base Quantity for the relevant Contract Years and other related
          volume levels will be adjusted accordingly. Any reduction pursuant to
          this section 2.1(c) in the Supplier's obligation to supply Metal shall
          only take effect 18 months after Supplier has provided notice thereof
          to Purchaser. Notwithstanding the foregoing, Supplier shall not be
          entitled to reduce its Metal supply obligation pursuant to this
          paragraph in connection with a permanent shut down of its Lannemezan
          Smelter.

          Likewise, should the Purchaser decide to shut down any of its
          facilities being supplied under this Agreement, Purchaser will be
          entitled to reduce Annual Base Quantities in a similar manner and with
          the same 18-month notice to Supplier.

2.2  PURCHASE BY THE PURCHASER

     Subject to the terms and conditions of this Agreement, beginning on the
     Effective Date and continuing throughout the Term of this Agreement, the
     Purchaser shall purchase and take delivery from the Supplier "CIP the
     applicable Delivery Site" the quantities of Metal determined in accordance
     with this Agreement.

2.3  NOTIFICATION OF ESTIMATED QUANTITIES OF METAL REQUIRED BY THE PURCHASER

     (a)  The Purchaser agrees to purchase and the Supplier agrees to supply, in
          each Contract Year, in accordance with the terms hereof, a quantity of
          Metal which is no less than the Minimum Annual Purchase Quantity for
          such Contract Year.

     (b)  With respect to the purchase of Metal hereunder in any Contract Year,
          the Purchaser shall provide to the Supplier no later than on September
          1 of the Contract Year preceding such Contract Year:

          (i)  an estimate, in Tonnes, of the Annual Order Quantity (the
               "ESTIMATED ANNUAL ORDER QUANTITY" for such Contract Year); and
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                                      -11-


          (ii) an estimate, in Tonnes, of the quantity of Metal required for
               each month in such Contract Year (the "ESTIMATED MONTHLY
               DEMAND"), provided (1) the amount for each month shall be less
               than or equal to ***% of the Estimated Annual Order Quantity for
               such Contract Year divided by 12, and greater than or equal to
               ***% (or, for no more than 2 months ***%) of the Estimated Annual
               Order Quantity divided by 12, and (2) the aggregate of all
               Estimated Monthly Demand amounts for all months in such Contract
               Year shall equal the Estimated Annual Order Quantity notified
               pursuant to paragraph (i) above.

          The Estimated Annual Order Quantity for Contract Year 1 and the
          Estimated Monthly Demand for each month in Contract Year 1, are set
          out in SCHEDULE 2.

2.4  NOTIFICATION OF ESTIMATED QUANTITIES OF METAL SUPPLIED BY THE SUPPLIER

     (a)  The Supplier shall have no obligation to supply Metal hereunder in a
          Contract Year in excess of an amount equal to the Annual Base Quantity
          for such Contract Year, unless otherwise agreed by the Parties.

     (b)  With respect to the supply of Metal hereunder in any Contract Year,
          the Supplier shall provide to the Purchaser no later than September 15
          of the Contract Year preceding such Contract Year:

          (i)  an estimate, in Tonnes, of the Supplier's supply capacity of
               Metal for such Contract Year (the "ESTIMATED ANNUAL CAPACITY"),
               which amount shall be greater than or equal to the Annual Base
               Quantity for such Contract Year, and

          (ii) an estimate, in Tonnes, of the Supplier's supply capacity of
               Metal for each month in such Contract Year (the "ESTIMATED
               MONTHLY CAPACITY"), provided that the Estimated Monthly Capacity
               in respect of each month shall be equal to or greater than the
               Estimated Monthly Demand for such month notified by the Purchaser
               in accordance with Section 2.3(b)(ii).

          In determining the Estimated Annual Capacity and the Estimated Monthly
          Capacity, in each case, the Supplier shall take into account actual
          operating days in the relevant Contract Year or month, as applicable
          (taking into account planned shutdowns of the Supplier Facilities),
          existing commitments of the Supplier for supply to other Persons, and
          seasonal factors affecting the Supplier's capacity.

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                                      -12-


     The Estimated Annual Capacity for Contract Year 1 and the Estimated Monthly
     Capacity for each month in Contract Year 1 are set out in SCHEDULE 2.

2.5  CHANGES TO ESTIMATES

     In respect of the purchase and supply of Metal hereunder in any Contract
     Year, the Purchaser and Supplier agree to consult during the period
     September 1 to October 31 in the year preceding such Contract Year (the
     "CONSULTATION PERIOD") with respect to offtake and capacity issues
     effecting the estimates of purchase requirements and supply capacity
     provided by the Purchaser and Supplier, respectively, pursuant to Sections
     2.3 and 2.4. During such Consultation Period the Purchaser may propose to
     purchase a quantity of Metal in such Contract Year in excess of 100% of the
     Annual Base Quantity for such Contract Year and/or to modify the Estimated
     Annual Order Quantity or Estimated Monthly Demand amounts notified by the
     Purchaser in respect of such Contract Year, provided that the Supplier
     shall be under no obligation to agree to such proposal by the Purchaser.
     During such Consultation Period the Supplier may propose a revised Supply
     Schedule provided that the Purchaser shall be under no obligation to agree
     to such revised Supply Schedule, and the Supplier shall be under no
     obligation to comply with the terms of such revised Supply Schedule, unless
     the Parties agree to such changes. The Parties shall consult and negotiate
     in good faith during the Consultation Period with respect to any such
     matters proposed by the Purchaser or Supplier, as applicable, and will
     discuss planned maintenance shutdowns at any of the Delivery Sites or the
     Supplier Facilities and if possible, schedule down-time events relating to
     such plant maintenance shutdowns for times which are mutually agreeable to
     the Purchaser and the Supplier with a view to avoiding production
     disruption at the Supplier Facilities or inventory build-ups at any of the
     Supplier Facilities or the Delivery Sites.

2.6  NOTIFICATION OF ANNUAL ORDER QUANTITY

     In respect of the purchase and supply of Metal hereunder in any Contract
     Year, the Purchaser shall deliver to the Supplier on or before October 31
     in the year preceding such Contract Year, a notice setting forth:

          (i)  the firm Annual Order Quantity for such Contract Year, which
               shall be no less than the Minimum Annual Purchase Quantity
               calculated for such Contract Year, and

          (ii) the Estimated Monthly Demand (which may be updated from the
               amount notified pursuant to Section 2.3(b)(ii)) for each month in
               such Contract Year provided (1) such amount in respect of each
               month shall be less than or equal to 110% of the Annual Order
               Quantity for such Contract Year divided by 12, and greater than
               or equal to 80% (or 75% for no more than 2 months) of the Annual
               Order Quantity for such Contract Year divided by 12, and (2) such
               amount in respect of any month does not exceed the Estimated
               Monthly Capacity notified by the Supplier in
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                                      -13-


               respect of such month pursuant to Section 2.4(b)(ii) (as such
               amount may be adjusted pursuant to Section 2.5).

2.7  MONTHLY QUANTITY MANAGEMENT

     (a)  Throughout the Term of this Agreement, by the first day of each month
          (and if such day is not a Business Day, on the Business Day
          immediately preceding such day), the Supplier shall notify the
          Purchaser of its updated Estimated Monthly Capacity for each month by
          Supplier Facility (including the month in which such notice is
          delivered) of the then current Contract Year (such amount referred to
          as the "ESTIMATED MONTHLY CAPACITY UPDATE"), which Estimated Monthly
          Capacity Update:

          (i)  shall not be subject to adjustment in excess of ***% by the
               Supplier in respect of the first three months in respect of which
               such notice is sent, such that the amount notified in respect of
               such months may not be reduced or increased by more than ***% in
               subsequent Estimated Monthly Capacity Updates delivered under
               this Section 2.7;

          (ii) shall be an indicative amount for each of the remaining months in
               the then current Contract Year included in such notification,
               which amount may be modified in future Estimated Monthly Capacity
               Updates delivered pursuant to this Section 2.7; and

          (iii) shall be, in respect of each month, equal to or greater than the
               Estimated Monthly Demand most recently notified by the Purchaser
               in respect of such month pursuant to Section 2.6 (subject to any
               adjustment pursuant to Section 2.5).

     (b)  Throughout the Term of this Agreement by the 15th day of each month
          (and if such day is not a Business Day, on the Business Day
          immediately preceding such 15th day), the Purchaser shall provide to
          the Supplier a notice (referred to as the "MONTHLY OFFTAKE QUOTE")
          setting forth the following:

          (i)  the quantity of Metal which the Purchaser commits to purchase
               hereunder in the next succeeding month ("MONTH M1"), which
               quantity, shall be greater than or equal to ***% of the Annual
               Order Quantity for the Contract Year in which Month M1 takes
               place divided by 12, and less than or equal to ***% of the Annual
               Order Quantity for the Contract Year in which Month M1 takes
               place divided by 12, and identifying the Delivery Site or
               Delivery Sites to which such Metal should be delivered

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<PAGE>
                                      -14-


               (which notification in respect of Month M1 is referred to herein
               as the "FIRM ORDER" for such month), and the Purchaser hereby
               agrees that it shall purchase from the Supplier in Month M1 a
               quantity of Metal which is no less than ***% of the quantity
               identified in the Firm Order, and no more than ***% than the
               quantity identified in such Firm Order;

          (ii) an updated Estimated Monthly Demand for each month subsequent to
               Month M1 occurring in the Contract Year in which Month M1 occurs,
               which updated amount:

               (1)  shall be greater than or equal to ***% (or ***% for no more
                    than 2 months) of the Annual Order Quantity for the Contract
                    Year in which such month takes place divided by 12, and less
                    than or equal to ***% of the Annual Order Quantity for the
                    Contract Year in which such month takes place divided by 12;
                    and

               (2)  when aggregated with all quantities of Metal actually
                    purchased by the Purchaser hereunder in all months prior to
                    Month M1 occurring in the same Contract Year, shall be no
                    less than the Minimum Annual Purchase Quantity in respect of
                    such Contract Year,

          provided the Firm Order for Month M1 and each Estimated Monthly Demand
          for each subsequent month shall be no more than the Estimated Monthly
          Capacity Update most recently notified by the Supplier in respect of
          such month.

     Note: This section will be adapted to conform to the planning structure of
     each quarter consisting of two months deemed to consist of four weeks each
     and one month of five weeks.

2.8  WEEKLY QUANTITY MANAGEMENT

     The Parties shall cooperate in coordinating capacity demand and shipments
     within each calendar month. Supplier's weekly capacity shall, absent normal
     course capacity constraints, be within the range of 90% to 110% of 1/4 of
     the Estimated Monthly Capacity Update last provided by the Supplier
     hereunder in respect of the month containing the relevant week.

     Note: This section will be adapted to conform to the planning structure of
     each quarter consisting of two months deemed to consist of four weeks each
     and one month of five weeks.

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<PAGE>
                                      -15-


2.9  SUPPLIER'S SHIPPING OBLIGATIONS

     (a)  The Supplier shall supply to the Purchaser, in accordance with the
          terms hereof, in each month, such quantity of Metal as is identified
          by the Purchaser in respect of such calendar month in the Firm Order
          for such month delivered by the Purchaser in accordance with Section
          2.7(b)(i).

     (b)  Notwithstanding the provisions of Incoterms 2000 and Section 2.13, the
          Supplier acknowledges its responsibility to make all necessary
          arrangements for the shipment and insurance for the transportation of
          Metal to the Delivery Site on behalf of the Purchaser unless purchaser
          decides to arrange and pay for the freight. The Supplier shall act as
          the disclosed agent of the Purchaser in entering into contracts for
          hiring carriers and obtaining insurance for the shipment of Metal
          under this Agreement. In doing this, the Supplier shall use
          Commercially Reasonable Efforts to obtain competitive freight and
          insurance rates and shall consult with the Purchaser before entering
          into any long term contracts for hiring carriers or obtaining
          insurance on behalf of the Purchaser. The Supplier shall use
          Commercially Reasonable Efforts to ensure that such transportation is
          suitable for delivering the Metal to the Delivery Site and complies
          with insurance requirements.

     (c)  Matters regarding shipment and delivery performance hereunder shall be
          governed by the provisions of SCHEDULE 3.

2.10 PRICE

     (a)  The price payable by the Purchaser to the Supplier for each Tonne of
          Metal sold and purchased pursuant to Sections 2.1 and 2.2 shall be the
          Contract Price applicable to the Delivery Site to which such Metal is
          delivered. The date used for calculating the Contract Price for any
          shipment of metal shall be the Bill of Lading Date.

     (b)  In the event that (i) LME ceases or suspends trading in aluminum, or
          (ii) Metal Bulletin ceases publication of the relevant reference price
          for determining the LME 3-Month Aluminum Price, the Parties shall meet
          with a view to agreeing on an alternative publication or, as
          applicable, reference price. If the Parties fail to reach an agreement
          within sixty (60) days of any Party having notified the other to enter
          into discussions to agree to an alternative publication or reference
          price, then the Chairman of the LME in London, England or his nominee
          shall be requested to select a suitable reference in lieu thereof
          and/or an appropriate amendment to the terms of this Section 2.10. The
          decision of the Chairman or his nominee shall be final and binding on
          the Parties.

     (c)  In the event the EC Duty Paid Premium indicator is discontinued due to
          the reduction or elimination of the 6% import duty on unwrought
          aluminium, the EC Duty Paid Premium shall be replaced by a
          corresponding European Market
<PAGE>
                                      -16-


          Premium indicator, if published by Metal Bulletin. If no such
          replacement indicator is published, the Parties will enter into good
          faith negotiations in order to amend the definition of EC Duty Paid
          Premium.

2.11 QUALITY

     (a)  Metal supplied under this Agreement shall comply with the
          Specifications set forth in SCHEDULE 1. The Supplier shall use
          Commercially Reasonable Efforts to notify the Purchaser prior to
          shipment of any Metal that does not meet Specifications. The Purchaser
          shall not be required to accept delivery of any Metal that does not
          meet Specifications. If the Purchaser does not accept delivery of
          Metal not meeting Specifications, the Supplier's obligation shall be
          limited to the assumption of all costs for return of such Metal to the
          Supplier, and for the delivery of replacement Metal to the Purchaser.
          All other express or implied warranties, conditions and other terms
          relating to Metal hereunder, including warranties relating to
          merchantability or fitness for a particular purpose, are hereby
          excluded to the fullest extent permitted by Applicable Law.

     (b)  If the Specifications for Metal supplied by the Supplier change, the
          Supplier may propose that the Specifications set forth in SCHEDULE 1
          be amended to reflect such changes. If the revised Specifications do
          not result in increased costs for the processing of such Metal by the
          Purchaser, the Purchaser shall not unreasonably withhold or delay its
          consent to such changed specifications.

2.12 PAYMENT

     (a)  The Purchaser shall pay the Supplier in full for each shipment of
          Metal meeting the Specifications set out in SCHEDULE 1 or otherwise
          accepted by the Purchaser in accordance with the Supplier's commercial
          invoice within forty-five (45) days of the last day of the month of
          the Bill of Lading Date.

     (b)  If the Purchaser believes that a shipment of Metal does not meet the
          Specifications set out in SCHEDULE 1 and has rejected such shipment in
          a timely manner in accordance with the terms hereof, it need not pay
          the invoice. However, if the Purchaser subsequently accepts that the
          Metal complies with the Specifications set out in SCHEDULE 1, the
          Purchaser shall pay the invoice and, if payment is overdue pursuant to
          Section 2.12(a), interest in accordance with Section 2.12(c).

     (c)  If any payment required to be made pursuant to Section 2.12(a) above
          is overdue, the full amount shall bear interest at a rate per annum
          equal to the Default Interest Rate calculated on the actual number of
          days elapsed, accrued from and excluding the date on which such
          payment was due, up to and including the actual date of receipt of
          payment in the nominated bank or banking account.
<PAGE>
                                      -17-


     (d)  All amounts paid to the Supplier or the Purchaser hereunder shall be
          paid in Euros, pounds, sterling or Dollars, at the option of the Party
          making the payment, by wire transfer in immediately available funds to
          the account specified by the Supplier or Purchaser, as applicable, by
          notice from time to time by one Party to the other hereunder.

     (e)  If any Party fails to purchase or supply, as applicable, any quantity
          of Metal in any month as required under the terms of this Agreement,
          such Party shall be liable to the other Party for all direct damages,
          losses and costs resulting from such failure, provided that such other
          Party shall use its Commercially Reasonable Efforts to mitigate such
          damages, losses and costs.

2.13 DELIVERY

     Metal shall be delivered CIP the Delivery Site identified in each Firm
     Order. The delivery of Metal pursuant to this Section 2.13 shall be
     governed by Incoterms 2000, as amended from time to time.

2.14 TITLE AND RISK OF LOSS

     Title to and risk of damage to and loss of Metal shall pass to the
     Purchaser as the Metal is delivered by the Supplier to the carrier.

2.15 PURCHASER AS PRINCIPAL

     The Purchaser warrants that all Metal to be purchased hereunder shall be
     purchased for Purchaser's own consumption (and, as applicable, that of its
     Subsidiaries). The Purchaser agrees that it shall not re-sell or otherwise
     make available to any Person (other than a Subsidiary) any Metal purchased
     from the Supplier hereunder, other than in respect of transactions
     undertaken in small quantities by the Purchaser to balance purchases or
     Purchaser's metal position.

3.   FORCE MAJEURE

3.1  EFFECT OF FORCE MAJEURE

     No Party shall be liable for any loss or damage that arises directly or
     indirectly through or as a result of any delay in the fulfilment of or
     failure to fulfil its obligations in whole or in part (other than the
     payment of money as may be owed by a Party) under this Agreement where the
     delay or failure is due to Force Majeure. The obligations of the Party
     affected by the event of Force Majeure (the "AFFECTED PARTY") shall be
     suspended, to the extent that those obligations are affected by the event
     of Force Majeure, from the date the Affected Party first gives notice in
     respect of that event of Force Majeure until cessation of that event of
     Force Majeure (or the consequences thereof).
<PAGE>
                                      -18-


3.2  DEFINITION

     "FORCE MAJEURE" shall mean any act, occurrence or omission (or other
     event), subsequent to the commencement of the Term hereof, which is beyond
     the reasonable control of the Affected Party including, but not limited to:
     fires, explosions, accidents, strikes, lockouts or labour disturbances,
     floods, droughts, earthquakes, epidemics, seizures of cargo, wars (whether
     or not declared), civil commotion, acts of God or the public enemy, action
     of any government, legislature, court or other Governmental Authority,
     action by any authority, representative or organisation exercising or
     claiming to exercise powers of a government or Governmental Authority,
     compliance with Applicable Law, blockades, power failures or curtailments,
     inadequacy or shortages or curtailments or cessation of supplies of raw
     materials or other supplies, failure or breakdown of equipment of
     facilities, the invocation of Force Majeure by any party to an agreement
     under which any Party's operations are affected, and any declaration of
     Force Majeure by the facility producing the Metal, or any other event
     beyond the reasonable control of the Parties whether or not similar to the
     events or occurrences enumerated above. In no circumstances shall problems
     with making payments constitute Force Majeure.

3.3  NOTICE

     Upon the occurrence of an event of Force Majeure, the Affected Party shall
     promptly give notice to the other Party hereto setting forth the details of
     the event of Force Majeure and an estimate of the likely duration of the
     Affected Party's inability to fulfil its obligations under this Agreement.
     The Affected Party shall use Commercially Reasonable Efforts to remove the
     said cause or causes and to resume, with the shortest possible delay,
     compliance with its obligations under this Agreement provided that the
     Affected Party shall not be required to settle any strike, lockout or
     labour dispute on terms not acceptable to it. When the said cause or causes
     have ceased to exist, the Affected Party shall promptly give notice to the
     other Party that such cause or causes have ceased to exist.

3.4  PRO RATA ALLOCATION

     If the Supplier's supply of any Metal to be delivered to the Purchaser is
     stopped or disrupted by an event of Force Majeure, the Supplier shall have
     the right to allocate its available supplies of such Metal, if any, among
     any or all of its existing customers including internal customers, in a
     fair and equitable manner. In addition, where the Supplier is the Affected
     Party, it may (but shall not be required to) offer to supply, from another
     source, Metal of similar quality in substitution for the Metal subject to
     the event of Force Majeure to satisfy that amount which would have
     otherwise been sold and purchased hereunder at a price which may be more or
     less than the price hereunder.
<PAGE>
                                      -19-


3.5  CONSULTATION

     Within thirty (30) days of the cessation of the event of Force Majeure, the
     Parties shall consult with a view to reaching agreement as to the
     Supplier's obligation to provide, and the Purchaser's obligation to take
     delivery of, that quantity of Metal that could not be sold and purchased
     hereunder because of the event of Force Majeure, provided that any such
     shortfall quantity has not been replaced by substitute Metal pursuant to
     the terms above.

     In the absence of any agreement by the Parties, failure to deliver or
     accept delivery of Metal which is excused by or results from the operation
     of the foregoing provisions of this Section 3 shall not extend the Term of
     this Agreement and the quantities of Metal to be sold and purchased under
     this Agreement shall be reduced by the quantities affected by such failure.

3.6  TERMINATION

     (a)  If an event of Force Majeure where the Affected Party is the Purchaser
          shall continue for more than *** consecutive calendar months, then the
          Supplier shall have the right to terminate this Agreement.

     (b)  If an event of Force Majeure where the Affected Party is the Supplier
          shall continue for more than *** consecutive calendar months, then the
          Purchaser shall have the right to terminate this Agreement.

4.   ASSIGNMENT

4.1  PROHIBITION ON ASSIGNMENTS

     No Party shall assign or transfer this Agreement, in whole or in part, or
     any interest or obligation arising under this Agreement, except as
     permitted by Section 4.2, without the prior written consent of the other
     Party.

4.2  ASSIGNMENT WITHIN ALCAN GROUP OR NOVELIS GROUP

     (a)  With the consent of Novelis, such consent not to be unreasonably
          withheld or delayed, Alcan may elect to have one or more of the
          Persons comprising the

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<PAGE>
                                      -20-

          Alcan Group assume the rights and obligations of the Supplier under
          this Agreement, provided that

          (i)  Alcan shall remain fully liable for all obligations of the
               Supplier hereunder, and

          (ii) the transferee will remain at all times a member of the Alcan
               Group;

          any such successor to Alcan as a Supplier under this Agreement shall
          be deemed to be the "SUPPLIER" for all purposes of the Agreement.

     (b)  With the consent of Alcan, such consent not to be unreasonably
          withheld or delayed, Novelis may elect to have one or more of the
          Persons comprising the Novelis Group assume the rights and obligations
          of the Purchaser under this Agreement, provided that

          (i)  Novelis shall remain fully liable for all obligations of the
               Purchaser hereunder, and

          (ii) the transferee will remain at all times a member of the Novelis
               Group;

          any such successor to Novelis as Purchaser under this Agreement shall
          be deemed to be the "PURCHASER" for all purposes of this Agreement.

5.   TERM AND TERMINATION

5.1  EFFECTIVENESS

     This Agreement shall come into effect upon the Effective Date.

5.2  TERM

     The term of this Agreement (the "TERM") shall be from the Effective Date
     until *** , unless terminated earlier or extended pursuant to the
     provisions of this Agreement.

5.3  EXTENSION

     One year prior to the expiration of the Term, the Parties may, upon the
     request of any Party, meet to negotiate in good faith a possible extension
     of the Term for a further period on terms to be mutually agreed (including
     in respect of quantities and price of

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<PAGE>
                                      -21-


     Metal to be purchased and supplied hereunder). If no such agreement is
     reached between the Parties, the Agreement shall terminate upon expiry of
     the Term.

5.4  TERMINATION

     This Agreement shall terminate:

     (a)  upon expiry of the Term;

     (b)  upon the mutual agreement of the Parties prior to the expiry of the
          Term;

     (c)  pursuant to Section 3.6 as a result of Force Majeure; or

     (d)  upon the occurrence of an Event of Default, in accordance with Section
          6.

6.   EVENTS OF DEFAULT

     This Agreement may be terminated in its entirety immediately at the option
     of a Party (the "TERMINATING PARTY"), in the event that an Event of Default
     occurs in relation to the other Party (the "DEFAULTING PARTY"), and such
     termination shall take effect immediately upon the Terminating Party
     providing notice to the Defaulting Party of the termination.

     For the purposes of this Agreement, each of the following shall
     individually and collectively constitute an "EVENT OF DEFAULT" with respect
     to a Party:

     (a)  such Party defaults in payment of any payments which are due and
          payable by it pursuant to this Agreement, and such default is not
          cured within thirty (30) days following receipt by the Defaulting
          Party of notice of such default;

     (b)  such Party breaches any of its material obligations pursuant to this
          Agreement (other than as set out in paragraph (a) above), and fails to
          cure it within sixty (60) days after receipt of notice from the
          non-defaulting Party specifying the default with reasonable detail and
          demanding that it be cured, provided that if such breach is not
          capable of being cured within sixty (60) days after receipt of such
          notice and the Party in default has diligently pursued efforts to cure
          the default within the sixty (60) day period, no Event of Default
          under this paragraph (b) shall occur;

     (c)  such Party breaches any material representation or warranty, or fails
          to perform or comply with any material covenant, provision,
          undertaking or obligation in or of the Separation Agreement;

     (d)  in relation to the Purchaser (1) upon the occurrence of a Non Compete
          Breach (as defined in the Separation Agreement) and the giving of
          notice of the termination of this Agreement by Alcan to Novelis
          pursuant to
<PAGE>
                                      -22-


          Section 14.03(b) of the Separation Agreement and pursuant to this
          paragraph of this Agreement, or (2) upon the occurrence of a Change of
          Control Non Compete Breach (as defined in the Separation Agreement)
          and the giving of notice of the termination of this Agreement by Alcan
          to Novelis pursuant to Section 14.04(e) of the Separation Agreement,
          in which event the termination of this Agreement shall be effective
          immediately upon Alcan providing Novelis notice pursuant to Section
          14.03(b) or Section 14.04(e) of the Separation Agreement;

     (e)  such Party (i) is bankrupt or insolvent or takes the benefit of any
          statute in force for bankrupt or insolvent debtors, or (ii) files a
          proposal or takes any action or proceeding before any court of
          competent jurisdiction for dissolution, winding-up or liquidation, or
          for the liquidation of its assets, or a receiver is appointed in
          respect of its assets, which order, filing or appointment is not
          rescinded within sixty (60) days; or

     (f)  proceedings are commenced by or against such Party under the laws of
          any jurisdiction relating to reorganization, arrangement or
          compromise.

7.   REPRESENTATIONS AND WARRANTIES

     The Parties hereby reiterate for the purposes of this Agreement those
     representations and warranties set forth in Article VI of the Separation
     Agreement.

8.   CONFIDENTIALITY

     Each of the Parties shall at all times be in full compliance with its
     obligations under Sections 11.07 and 11.08 (Confidentiality) of the
     Separation Agreement.

9.   DISPUTE RESOLUTION

9.1  DISPUTES

     The Master Agreement with respect to Dispute Resolution, effective on the
     Effective Date, among the Parties and other parties thereto shall govern
     all disputes, controversies or claims (whether arising in contract, delict,
     tort or otherwise) ("DISPUTES") between the Parties that may arise out of,
     or relate to, or arise under or in connection with, this Agreement or the
     transactions contemplated hereby (including all actions taken in
     furtherance of the transactions contemplated hereby), or the commercial or
     economic relationship of the Parties relating hereto or thereto.
<PAGE>
                                      -23-


9.2  CONTINUING OBLIGATIONS

     The existence of a Dispute with respect to this Agreement between the
     Parties shall not relieve either Party from performance of its obligations
     under this Agreement that are not the subject of such Dispute.

10.  MISCELLANEOUS

10.1 CONSTRUCTION

     The terms of Section 16.04 (Construction) of the Separation Agreement shall
     apply to this Agreement, mutatis mutandis, as if all references therein to
     the "Agreement" were deemed to be references to this Agreement.

10.2 NOTICES

     All notices and other communications under this Agreement shall be in
     writing and shall be deemed to be duly given (a) on the date of delivery if
     delivered personally, (b) on the first Business Day following the date of
     dispatch if delivered by a nationally recognized next-day courier service,
     (c) on the date of actual receipt if delivered by registered or certified
     mail, return receipt requested, postage prepaid or (d) if sent by facsimile
     transmission, when transmitted and receipt is confirmed by telephone. All
     notices hereunder shall be delivered as follows:

     IF TO THE PURCHASER, TO:

     NOVELIS INC.
     Suite 3800
     Royal Bank Plaza, South Tower
     P.O. Box 84
     200 Bay Street
     Toronto, Ontario
     M5J 2Z4

     Fax: 416-216-3930

     Attention: Chief Executive Officer
<PAGE>
                                      -24-


     IF TO THE SUPPLIER, TO:

     ALCAN INC.
     1188 Sherbrooke Street West
     Montreal, Quebec
     H3A 3G2
     Fax: 514-848-8115

     Attention: Chief Legal Officer

     Any Party may, by notice to the other Party, change the address or fax
     number to which such notices are to be given.

10.3 GOVERNING LAW

     This Agreement shall be governed by and construed and interpreted in
     accordance with the laws of the Province of Quebec and the laws of Canada
     applicable therein, irrespective of conflict of laws principles under
     Quebec law, as to all matters, including matters of validity, construction,
     effect, enforceability, performance and remedies.

10.4 JUDGMENT CURRENCY

     The obligations of a Party to make payments hereunder shall not be
     discharged by an amount paid in any currency other than Euros, whether
     pursuant to a court judgment or arbitral award or otherwise, to the extent
     that the amount so paid upon conversion to Euros and transferred to an
     account indicated by the Party to receive such funds under normal banking
     procedures does not yield the amount of Euros due, and each Party hereby,
     as a separate obligation and notwithstanding any such judgment or award,
     agrees to indemnify the other Party against, and to pay to such Party on
     demand, in Euros, any difference between the sum originally due in Euros
     and the amount of Euros received upon any such conversion and transfer.

10.5 ENTIRE AGREEMENT

     This Agreement, the Separation Agreement and schedules, exhibits, annexes
     and appendices hereto and thereto and the specific agreements contemplated
     herein or thereby, contain the entire agreement between the Parties with
     respect to the subject matter hereof and supersede all previous agreements,
     negotiations, discussions, writings, understandings, commitments and
     conversations with respect to such subject matter. No agreements or
     understandings exist between the Parties with respect to the subject matter
     hereof other than those set forth or referred to herein or therein.
<PAGE>
                                      -25-


10.6 CONFLICTS

     In case of any conflict or inconsistency between this Agreement and the
     Separation Agreement, this Agreement shall prevail.

10.7 SEVERABILITY

     If any provision of this Agreement or the application thereof to any Person
     or circumstance is determined by a court of competent jurisdiction to be
     invalid, void or unenforceable, the remaining provisions hereof, or the
     application of such provision to Persons or circumstances or in
     jurisdictions other than those as to which it has been held invalid or
     unenforceable, shall remain in full force and effect and shall in no way be
     affected, impaired or invalidated thereby, so long as the economic or legal
     substance of the transactions contemplated hereby is not affected in any
     manner adverse to any Party. Upon such determination, the Parties shall
     negotiate in good faith in an effort to agree upon such a suitable and
     equitable provision to effect the original intent of the Parties.

10.8 SURVIVAL

     The obligations of the Parties under Sections 2.10, 2.11, 2.12, 8, 9, 10.3
     and 10.8 and liability for the breach of any obligation contained herein
     shall survive the expiration or earlier termination of this Agreement.

10.9 EXECUTION IN COUNTERPARTS

     This Agreement may be executed in one or more counterparts, all of which
     shall be considered one and the same agreement, and shall become effective
     when one or more counterparts have been signed by each of the Parties and
     delivered to the other Party.

10.10 AMENDMENTS

     No provisions of this Agreement shall be deemed waived, amended,
     supplemented or modified by any Party, unless such waiver, amendment,
     supplement or modification is in writing and signed by the authorized
     representative of the Party against whom it is sought to enforce such
     waiver, amendment, supplement or modification.

10.11 WAIVERS

     No failure on the part of a Party to exercise and no delay in exercising,
     and no course of dealing with respect to, any right, power or privilege
     under this Agreement shall operate as a waiver thereof, nor shall any
     single or partial exercise of any right, power or privilege under this
     Agreement preclude any other or further exercise thereof or the exercise of
     any other right, power or privilege. The remedies provided herein are
     cumulative and not exclusive of any remedies provided by Applicable Law.
<PAGE>
                                      -26-


10.12 NO PARTNERSHIP

     Nothing contained herein or in the Agreement shall make a Party a partner
     of any other Party and no Party shall hold out the other as such.

10.13 TAXES, ROYALTIES AND DUTIES

     All royalties, taxes and duties imposed or levied on any Metal delivered
     hereunder (other than any taxes on the income of the Supplier) shall be for
     the account of and paid by the Purchaser.

10.14 LIMITATIONS OF LIABILITY

     (a)  Neither Party shall be liable to the other Party for any indirect,
          collateral, incidental, special, consequential or punitive damages,
          lost profit or failure to realize expected savings or other commercial
          or economic loss of any kind, howsoever caused, and on any theory of
          liability (including negligence) arising in any way out of this
          Agreement; provided, however, that the foregoing limitations shall not
          limit any Parties' indemnification obligations for Liabilities with
          respect to Third Party Claims as set forth Article IX of the
          Separation Agreement (as if such Article IX was set out in full herein
          by reference to the obligations of the Parties hereunder).

     (b)  Sections 9.04, 9.05, 9.06, 9.07 and 9.09 of the Separation Agreement
          shall apply mutatis mutandis with respect to any Liability subject to
          any indemnification or reimbursement pursuant to this Agreement.

10.15 PRINCIPALS AND AGENTS

     The Parties agree that each of Novelis and Alcan is entering into this
     Agreement as principal on its own behalf and as agent for its Subsidiaries
     that may, from time to time, wish to purchase or supply, as applicable,
     Metal under the terms of this Agreement.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY BLANK.]
<PAGE>
                                      -27-


IN WITNESS WHEREOF, the Parties hereto have caused this Metal Supply Agreement
to be executed by their duly authorized representatives.

                                        NOVELIS INC.


                                        By: /s/ Brian W. Sturgell
                                           -------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------


                                        ALCAN INC.


                                        By: /s/ David McAusland
                                           -------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------