Hindalco, NALCO to Vedanta Aluminium: Aluminium stocks slide up to 6%. Here's why (opens original article in a new tab)

Aluminium stocks declined up to 6% as global prices fell amid expectations of restored shipping routes through the Strait of Hormuz, though analysts predict prices will remain stable in the short and long term.

• Aluminium stocks like Hindalco, NALCO, and Vedanta Aluminium fell up to 6% due to declining global aluminium prices
• Global aluminium prices dropped 5% to $3,357/metric ton amid expectations of restored Strait of Hormuz shipping routes
• Axis Securities maintains BUY ratings for Hindalco and NALCO, forecasting aluminium prices to stay between $3,000 and $3,800/t in the short term
• Analysts expect long-term aluminium prices to stabilize at $2,800-$3,000/t by 2028-2030 due to supply constraints and rising costs