Hindalco, NALCO, Vedanta Aluminium shares crash up to 6% as aluminium prices drop on US-Iran peace deal (opens original article in a new tab)

Aluminium prices fell following the US-Iran peace deal, causing shares of major aluminium producers to drop significantly.

• Hindalco, NALCO, Vedanta Aluminium shares dropped up to 6% due to falling aluminium prices
• Aluminium prices on LME fell over 4% to $3,379.50 per metric ton
• US-Iran peace deal framework led to improved delivery prospects from Gulf producers
• Reopening of Strait of Hormuz may further decrease aluminium prices