Shares of National Aluminium Company fell nearly 10% today, mirroring the sharp selloff across global metal markets as aluminium and other base metals came under heavy pressure during the Budget Day session.
The decline in National Aluminium Company shares comes amid a broader metals crash, with copper, silver, zinc and aluminium all witnessing sharp corrections after hitting multi-year or record highs in recent sessions. Aluminium-linked stocks reacted negatively as investors reassessed near-term price momentum following aggressive profit booking in metals.
Global sentiment around metals weakened after expectations of aggressive U.S. interest rate cuts faded, leading to a firmer U.S. dollar. A stronger dollar typically weighs on industrial metals by making them more expensive for global buyers, triggering systematic selling across futures markets. The selloff intensified after markets interpreted recent U.S. Federal Reserve leadership signals as less supportive of rapid monetary easing.
Aluminium prices were also dragged down by spillover weakness from copper and zinc, both of which saw steep intraday falls. During risk-off phases, base metals tend to move together, amplifying downside pressure on metal producers’ stocks.
In addition, crowded positioning, leveraged trades, stop-loss triggers, and thin liquidity accelerated the decline. Traders are also reducing exposure ahead of the China Lunar New Year holiday, when the world’s largest metals consumer shuts markets for a week, increasing volatility and risk aversion.
Despite no company-specific negative development, National Aluminium Company shares fell sharply as investors reacted to the sudden and broad-based metal price correction, booking profits after a strong run-up and factoring in near-term uncertainty in global commodity markets.
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