Indian aluminium stocks saw a sharp decline today. This happened as aluminium prices crashed significantly. The drop followed news of an Iran-US peace deal framework. This deal improves prospects for deliveries from Gulf producers. The reopening of the Strait of Hormuz is expected to impact Indian producers further.
Indian aluminium stocks, including Hindalco, NALCO, and Vedanta Aluminium, plunged up to 6% following a significant drop in global aluminium prices. This decline was triggered by news of a US-Iran peace deal framework, which improves prospects for deliveries from Gulf producers.…
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