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BUZZ-Indian metal stocks fall on demand worries after US curbs on China

ReutersFeb 25, 2025 7:58 AM

Indian metal stocks .NIFTYMET drop 1.15%, with 12 of its 15 constituents in red

Drop comes after U.S. President Donald Trump signed memorandum that directs Committee on Foreign Investment in the US to restrict Chinese investments in strategic areas

Restrictions could hurt demand for metals in China, the world's top consumer and producer of metals, analysts say

Dollar strength also continues, which could impact the input price for metals MET/L

Stronger dollar makes it more expensive for holders of other currencies to buy metals

Hindalco HALC.NS top pct loser on the index, down 2.7%

Vedanta VDAN.NS and JSW Steel JSTL.NS also among top losers, down 2.8% and 1.4%, respectively

The index is down about 3.8% so far this year vs a 4.5% loss in Nifty 50 .NSEI

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