JSW Steel To SAIL: Steel stocks’ stellar run ended on diversion of oxygen to hospitals during the second wave of the pandemic and the onset of monsoon, a weak period of demand.
Metal Stocks
Metal Stocks Gain After Aluminium, Copper Prices Rise On LME
Gold Silver Reports (GSR) – Metal Stocks Gain After Aluminium, Copper Prices Rise On LME – Shares of metal producers were trading higher led after copper and aluminium prices rose in international markets. Aluminium prices settled 5.49 percent higher on the London Metal Exchange. While, copper rose 2.1 percent in trade yesterday.
Metal Stocks Forecast Rebound Sharply From Yesterday’s Fall
Gold Silver Reports (GSR) – Metal Stocks Forecast Rebound Sharply From Yesterday’s Fall – Shares of the metal companies rebounded sharply from yesterday’s decline as concerns about a trade war between the world’s two largest economies eased after the U.S. and China signaled room for talks.
Metal Stocks Slump Amid Rising Trade War Tensions
Metal Stocks Slump Amid Rising Trade War Tensions
NSE Nifty Metal Index fell 3.29 percent in early trade to 3,442.75, its lowest in six months.
China, as a retaliation to U.S. President Donald Trump’s tariff plans, announced for reciprocal tariffs on $3 billion of imports from the U.S. Such imports include U.S. pork, recycled aluminium, steel pipes, fruits and wine.
Metal Stocks Fall As Iron Ore Prices Decline In International Markets
Gold Silver Reports (GSR) – Metal Stocks Fall As Iron Ore Prices Decline In International Markets — Shares of the metal producers were trading with a negative bias after prices of iron ore fell in international markets. Iron ore on Dalian Commodity Exchange fell for 3.2 percent.