NALCO sheds over half of its value from 52-week highs; slips 25% in a month
Updated: 05 Jul 2022, 07:41 AM IST
TL;DR.The aluminium prices on the London Metal Exchange (LME) plunged 30% in the second quarter, the largest quarterly loss since the financial crisis in 2008, on the back of China's COVID lockdowns, inflation, rising interest rates and stalled growth.
copper dropped 20% in the second quarter, the largest quarterly loss since 2011 when the bubble created by the massive Chinese stimulus burst. Zinc tumbled 24% and lead dropped 21% in the second quarter.