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Tata Steel-Led Metal Stocks Drop 8% as War Premium Fades; Aluminium Prices Surge
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Metal Stocks Plunge 8% as War Premium Fades; Aluminium Shines Amid Supply Crunch
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CNBC TV18
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04-03-2026, 13:42
Metal Stocks Plunge 8% as War Premium Fades; Aluminium Shines Amid Supply Crunch
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Metal stocks, led by Tata Steel, fell up to 8% as the 'war premium' in prices appears to have faded.
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Copper, Nickel, and Zinc declined by 2.5%, 4%, and 3.5% respectively this week.
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Aluminium bucked the trend, rising 5.5% due to tightening supply and declining London Metal Exchange inventories.
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QatarEnergy halted aluminium production in West Asia, impacting global supply expectations.
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A firm US dollar, high crude prices, and potential Federal Reserve rate cut delays added pressure on the metals complex.
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