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Metal stocks feel the heat of conflicting trends across commodity markets

Analysts are now taking note of a few developments that could lead to demand reduction; Nifty Metals Index, with 2.85% fall on Monday was the top loser among sectoral indices

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Photo: Bloomberg

3 min read Last Updated : Apr 26 2022 | 2:28 AM IST

The last week has seen corrections across the metals and minerals space. This has resulted in corrections in the share prices of most metal companies, across iron and steel, zinc, aluminium, copper, seeing corrections and ore companies like NMDC also seeing sell offs.

There are conflicting trends for industrials across commodity markets. The Ukraine War has set off supply disruptions since Russia (which will continue to be under sanction) and Ukraine (which is a devastated war-zone) are both players. That led to sharp uptrends in prices.

However, commodity analysts are now taking note of a few developments that could lead to demand

Topics : Metal stocks Nifty Metal index NDMC

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