SynopsisMetal stocks fell as soaring oil prices, rising US bond yields and a stronger dollar weighed on sentiment. Vedanta, Vedanta Aluminium, Hindustan Copper, Tata Steel and JSW Steel declined 3–5%.

9%, its highest since 2023, as higher oil prices stoked inflation concerns and raised expectations of a potential Fed rate hike. comMetal stocks fell as soaring oil prices, rising US bond yields and a stronger dollar weighed on sentiment.

Shares of metal companies, including Vedanta, Vedanta Aluminium, Hindustan Copper, Tata Steel and NALCO, among others declined up to 5% on Friday amid pressure from soaring oil prices, rising bond yields and a stronger US dollar. In today’s session, Vedanta shares fell over 4% to Rs 257, while Vedanta Aluminium slipped 4% to trade at Rs 420 per share on the BSE.

NALCO declined 5% to hit a low of Rs 352, while state-owned Hindustan Copper fell over 4%. Tata Steel and JSW Steel declined 3% each.

9%, its highest level since 2023, as rising oil prices fuelled inflation concerns and markets braced for a prolonged war. The move also strengthened expectations of a potential US Federal Reserve rate hike at its meeting next week.

378%, its highest level since 2007. The European Central Bank also raised rates, citing higher inflation risks alongside weaker growth.

Rising bond yields, soaring oil prices and a stronger dollar can create a particularly difficult environment for metal stocks because they simultaneously pressure commodity demand, input costs and profitability. Elevated oil prices raise transportation, freight and energy costs across mining and metal production, putting pressure on margins, particularly when companies are unable to fully pass on higher costs through selling prices.

A stronger dollar can add another layer of pressure because metals such as aluminium, copper and steel are globally traded and largely priced in dollars. A stronger dollar can make these commodities more expensive for buyers using other currencies, potentially weakening demand and putting downward pressure on international metal prices.

Oil price rockets above $110Oil prices rose again on Friday to $110 per barrel, with both major benchmarks on track to finish the week above $100 for the first time since mid-May. This rise occurred as increased attacks along key Middle East shipping routes heightened concerns about a prolonged disruption to oil supplies.