Hindalco halts extruded aluminium production amid gas shortages
after close1 source ↓written by the desknot a recommendation
Hindalco Industries has halted production of extruded aluminium due to a gas shortage linked to the ongoing US-Israeli conflict in Iran. The company declared force majeure on 11 Mar, impacting supply for sectors like construction and electric vehicles. This disruption may affect market availability and pricing of these critical materials.
• Extruded aluminium is vital for construction and solar panels
• India faces its worst gas crisis in decades
• Hindalco is taking steps to mitigate the impact
Not investment advice. For informational purposes only.