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Three Metal Stocks Jumped 6% on Monday: An Explanation
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Metal Stocks Soar 6% Amid West Asia Tensions, Aluminum Prices Surge
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CNBC TV18
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30-03-2026, 10:46
Metal Stocks Soar 6% Amid West Asia Tensions, Aluminum Prices Surge
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Hindalco, Nalco, and Vedanta shares surged up to 6% on Monday.
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Global aluminum prices on the London Metal Exchange rose 6% to $3,492 per tonne.
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Geopolitical tensions in West Asia, including Iran's attacks, heightened supply disruption concerns.
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Emirates Global Aluminium (EGA) and Aluminium Bahrain reported damage to plants, raising fears of prolonged supply disruptions into 2026.
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West Asia accounts for 9-10% of global aluminum output, and conflict has disrupted logistics through the Strait of Hormuz.
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