Aluminium stocks slide as US-Iran deal eases supply fears, ends war-driven rally
Aluminium stocks tumbled up to 5% Tuesday following an interim US-Iran deal that eased supply concerns, leading to a projected further decline in prices. Analysts anticipate near-term pressure on the sector as imports are expected to resume, eroding previous premiums enjoyed by aluminium companies.
Aluminium stocks tumbled up to 5% Tuesday following an interim US-Iran deal that eased supply concerns, leading to a projected further decline in prices. Analysts anticipate near-term pressure on the sector as imports are expected to resume, eroding previous premiums enjoyed by aluminium companies.
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