Copper Crash Sinks Hindalco Shares Nearly 3%

Hindalco's share price plummeted nearly 3% on September 11 as copper prices crashed by around 5% overnight. The stock, trading at ₹986 around 11:11 am, was down ₹28 from its previous close of ₹1,014.

The decline is primarily driven by three factors: the sharp correction in copper prices, reports that the White House copper tariff plan has stalled, and broad weakness across metal stocks amid rising yields and a stronger dollar.

Hindalco's exposure to copper through its copper business makes it particularly sensitive to sudden shifts in global commodity sentiment. The company's earnings depend on aluminium prices, copper prices, energy costs, currency movements, global demand, and raw material prices.